McDonald’s sales rise 3.8%, Australian market still strong
McDonald’s reported better-than-expected third quarter sales figures overnight, fueled by positive comparable sales in every area of the world. In constant currencies, the fast-food giant achieved higher sales and profit compared with the prior year.”Alignment behind McDonald’s long-term business strategy, the Plan to Win, is clear as our growth continues to be a systemwide effort with each area of the world contributing,” McDonald’s Chief Executive Officer, Jim Skinner, remarked. “McDonald’s global results demonstrate the resilience of our strategies and our ability to execute successfully.”
Global comparable sales were up a robust 3.8 per cent, led by the European market (5.8%). In Asia/Pacific, Middle East and Africa (APMEA), sales growth was a more restrained 2.2 per cent, but operating income for the quarter rose 21% in constant currencies with Australia and China leading the segment.
“Emphasis on convenience, value, operations excellence and core menu are enhancing consumer appeal and driving growth across APMEA,” the company advised in a statement.
“We begin the fourth quarter from a position of strength, and I am confident that our focus on the customer and commitment to financial discipline will continue to deliver long-term profitable growth for our System and our shareholders. For October, despite a declining informal eating out market around the world, we expect consolidated comparable sales to remain positive,” Mr Skinner concluded.