McDonald’s Wins Again, Same Store Rockets
November 8, 2011 by Douglas A. McIntyre
The recession-proof, big-dividend-paying, 52-week-high-trading, largest fast food company on the globe, McDonald’s (NYSE: MCD) posted remarkable same-store sales worldwide.
McDonald’s global comparable sales growth of 5.5% in October.
In the U.S., comparable sales rose 5.2% . “The excitement of the Monopoly game promotion and the popularity of featured products, including the Big Mac, Chicken McNuggets, Fruit & Maple Oatmeal and McCafe beverages, were key drivers for the month.” At least the oatmeal is healthy.
Europe posted a 4.8% increase in comparable sales for the month driven by performance in France, Russia and the U.K. The segment continued to benefit from locally-relevant menu choices, promotional food events, everyday value options and reimaged restaurants that are more convenient and accessible.
Comparable sales in Asia/Pacific, Middle East and Africa increased 6.1% for the month led by Australia, China and Japan. APMEA’s results were driven by convenience, unique daypart value platforms, and a balance of core and local offerings.
In the U.S., comparable sales rose 5.2%. McDonald’s created food that is likely to put people in the hospital eventually.
Burger King might as well go out of business.
Douglas A. McIntyre
ALERT: Take This Retirement Quiz Now (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.