McDonald’s Continues to Deliver - Global Comparable Sales Up 8.2% in October
OAK BROOK, IL – McDonald’s Corporation announced today that global comparable sales rose 8.2% in October. Systemwide sales for McDonald’s worldwide restaurants increased 5.4% for the month, or 9.9% in constant currencies.
McDonald’s Chief Executive Officer Jim Skinner said, “McDonald’s strong October sales show that we are delivering what customers count on from McDonald’s – choice, variety and high-quality food and beverages at affordable prices"
U.S. comparable sales increased 5.3% in October due to the enduring appeal of McDonald’s breakfast, recent product introductions such as Southern Style Chicken, compelling value throughout the menu and the continued popularity of McDonald’s Monopoly game.
In Europe, strong performance in the U.K., France and Russia and positive results in nearly all other markets drove a comparable sales increase of 9.8%. Unique menu items and promotions as well as everyday value options continue to resonate with customers and drive results.
Comparable sales were up 11.5% in Asia/Pacific, Middle East and Africa, driven by robust sales growth in Australia and broad-based strength throughout the segment. Locally-relevant menu choices, branded affordability, and extended hours fueled the segment’s October sales.
McDonald’s tentatively plans to release November sales on December 8, 2008.
McDonald’s is the leading global foodservice retailer with more than 31,000 local restaurants in more than 100 countries. More than 75% of McDonald’s restaurants worldwide are owned and operated by franchisees and affiliates. Please visit our website at www.mcdonalds.com to learn more about the Company.
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