McDonald’s sales rise 4.6% in Asia-Pacific
McDonald’s has released its global sales results for the second quarter, with earnings up 15%, including a 4.6% rise in the Asia/Pacific, Middle East and African region, thanks to strong sales in Australia and China.
Chief Executive Officer Jim Skinner said “McDonald’s second quarter reflects strong top-line and bottom-line results with each area of the world generating higher comparable sales, traffic and profits”.
“This performance demonstrates the popular appeal of McDonald’s relevant menu choices. We’re delivering great tasting food to our 60 million customers around the world every day with the outstanding value and unmatched convenience they expect from McDonald’s,” he said.
The Company reported the following highlights for the quarter:
– Global comparable sales increased 4.8%, with the U.S. up 3.7%, Europe up 5.2% and Asia/Pacific, Middle East and Africa up 4.6%
– Consolidated operating income increased 10%
– Diluted earnings per share were $1.13, up 15%
– Returned $1.6 billion to shareholders through share repurchases and dividends
Asia/Pacific, Middle East and Africa’s (APMEA) second quarter results reflect broad-based strength across the segment. Australia and China led the segment’s 19% (9% in constant currencies) quarterly operating income increase as everyday affordability, daypart expansion and core menu extensions continue to give customers even more reasons to visit McDonald’s in APMEA.
Jim Skinner concluded, “What makes McDonald’s unique is the distinctive experience we’re creating for our customers through menu innovation, restaurant reimaging and operations excellence. I am pleased with our second quarter performance and confident in our ability to continue to deliver solid results. As we begin the third quarter, our momentum continues with July global comparable sales trending in-line with or better than second quarter sales.”