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Share Name | Share Symbol | Market | Type |
---|---|---|---|
McDonalds Corp | NYSE:MCD | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.05 | -0.02% | 275.55 | 276.11 | 270.3701 | 271.23 | 1,976,165 | 18:01:40 |
OAK BROOK, Ill., Dec. 8, 2014 /PRNewswire/ -- McDonald's Corporation today announced that global comparable sales decreased 2.2% in November. Performance by segment was as follows:
"Today's consumers increasingly demand more choice, convenience and value in their dining-out experience," said McDonald's President and Chief Executive Officer Don Thompson. "We are working to bring the McDonald's Experience of the Future to life for our customers to better deliver against these evolving expectations. Each of our geographic segments is focused on regaining business momentum by prioritizing initiatives to improve comparable sales performance in the near-term, while developing innovations to deliver sustained profitable growth through McDonald's Experience of the Future."
In November, U.S. comparable sales decreased 4.6% amid strong competitive activity. To restore momentum, McDonald's U.S. is diligently working to enhance its marketing, simplify the menu, and implement a more locally-driven organizational structure to increase relevance with consumers.
Europe's comparable sales decreased 2.0% in November as positive performance in the U.K. was more than offset by very weak results in Russia and negative results in France and Germany. While the operating environment remains challenging across most of the segment, McDonald's Europe remains focused on providing customers with locally-relevant value and premium menu options, including differentiated beverage and breakfast offerings.
In November, APMEA's comparable sales decreased 4.0%, reflecting the ongoing impact of the supplier issue on performance in Japan and China, partly offset by positive performance in Australia. Brand recovery campaigns continue in the markets affected by the supplier issue. To drive customer traffic and improve performance, markets across APMEA are leveraging compelling menu options, value platforms and the segment's enhanced convenience initiatives.
Strong comparable sales in McDonald's Other Countries & Corporate segment, which includes Latin America and Canada, contributed positively to the Company's global comparable sales performance for the month.
The following items are expected to negatively impact fourth quarter results:
Systemwide sales for the month decreased 6.0%, or were relatively flat in constant currencies.
Percent Increase/(Decrease) |
Comparable Sales |
Systemwide Sales | ||||||||||||||
As |
Constant | |||||||||||||||
Month ended November 30, |
2014 |
2013 |
Reported |
Currency | ||||||||||||
McDonald's Corporation |
(2.2) |
0.5 |
(6.0) |
0.1 |
||||||||||||
Major Segments: |
||||||||||||||||
U.S. |
(4.6) |
(0.8) |
(3.7) |
(3.7) |
||||||||||||
Europe |
(2.0) |
1.9 |
(8.1) |
0.5 |
||||||||||||
APMEA |
(4.0) |
(2.3) |
(6.3) |
0.0 |
||||||||||||
Year-To-Date November 30, |
||||||||||||||||
McDonald's Corporation |
(1.1) |
0.4 |
(1.1) |
1.3 |
||||||||||||
Major Segments: |
||||||||||||||||
U.S. |
(2.3) |
0.1 |
(1.4) |
(1.4) |
||||||||||||
Europe |
(0.6) |
0.0 |
2.3 |
2.1 |
||||||||||||
APMEA |
(3.0) |
(1.9) |
(2.8) |
1.4 |
||||||||||||
Definitions
Upcoming Communications
Don Thompson, President and Chief Executive Officer, and Mike Andres, President of McDonald's USA, will participate in an investor discussion from 10:00 a.m. - 12:00 p.m. (Central Time) on December 10, 2014. This discussion will be webcast live and available for replay for a limited time thereafter at www.investor.mcdonalds.com.
McDonald's tentatively plans to release fourth quarter results before the market opens on January 23, 2015 and will host an investor webcast. This webcast will be broadcast live and available for replay for a limited time thereafter at www.investor.mcdonalds.com.
About McDonald's
McDonald's is the world's leading global foodservice retailer with over 35,000 locations serving approximately 70 million customers in over 100 countries each day. More than 80% of McDonald's restaurants worldwide are owned and operated by independent local business men and women.
Forward-Looking Statements
This release contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties. The factors that could cause actual results to differ materially from our expectations are detailed in the Company's filings with the Securities and Exchange Commission, such as its annual and quarterly reports and current reports on Form 8-K.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mcdonalds-reports-global-comparable-sales-for-november-300005710.html
SOURCE McDonald's Corporation
Copyright 2014 PR Newswire
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