McDonald’s posts 5.1% increase in its May same-store sales worldwide
McDonald’s posts 5.1% increase in its May same-store sales worldwide

The Oak Brook, Illinois-based McDonald's Corp - the largest hamburger chain in the US - sustained its thriving track-record amid the recession for yet another month - the May figures posted by the company on Monday indicate a 5.1 percent increase in McDonald's same-store sales worldwide.

McDonald's said that while its US same-store sales rose 2.8 percent - thanks to its classic menu items and its new McCafe espresso-based coffees -, its European same-store sales soared 7.6 percent as a result of robust sales reported from UK, France, Germany, and Russia. The company's Asia-Pacific, Middle East and Africa segments reported a 6.4 percent increase in sales.

The company said that though the stronger US dollar brought about to an overall 0.4 percent decline at worldwide McDonald's restaurants, sales had increased 7 percent in constant currencies. For its second-quarter results to be reported July 23, McDonald's would include 2-3 cents per share of income, because of a license agreement in Indonesia and the sale of Redbox Automated Retail.

The sales at same-stores are a fair indicator of a retailer's performance, as the figures measure growth at stores currently in operation instead of the newly opened ones.

The sales figures posted by fast-food restaurants like McDonald's indicate that, by and large, these restaurants have been comparatively much lesser hit by the economic downturn vis-a-vis the expensive sit-down restaurants!
 

Latest News

Scarborough Hospital Compensates for Negligence in Baby Harry Death Case
Twins Blinded by Uncommon, Incurable Condition
Sight Problems Predicted to Rise in the UK
After Receiving Brain Stroke, Three Years Old Is Doing Just Fine
Wheal Agar Ward of Royal Cornwall Hospital Closed Down For Investigation
Patients Altering their Appointments With Specialists
Father Shoots Girl’s Laptop, Posts Video on Youtube
Apple Begins Inspection
Researchers Blame Technological Advancements For Kids’ Poor Sleeping Pattern
The Google Motorola Deal Approved By US and EU
Replace Sugary Drinks with Water to Lose Weight
NASA Scientists Develop New Space Testbed