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property for sale in paphos polis cyprus
News and Information Article
-- Global comparable sales increased 4.7%
-- U.S. comparable sales up 3.6%
-- Europe comparable sales rose 5.4%
OAK BROOK, Ill., March 8 /-FirstCall/ -- McDonalds Corporation
(NYSE: MCD) announced today that global comparable sales for McDonalds
restaurants increased 4.7% in February.
McDonalds Chief Executive Officer Jim Skinner commented, "Our strategic
initiatives and intense focus on the customer delivered another month of
strong results. We posted positive comparable sales across all geographic
segments for February and marked our 34th consecutive month of positive global
comparable sales performance. Both achievements are a testament to the
effectiveness and momentum of our Plan to Win.
"During February, we continued to satisfy our U.S. customers appetite for
choice and variety with an appealing new menu addition -- the Spicy Premium
Chicken Sandwich. Our winning line-up of Premium Chicken Sandwiches, popular
breakfast menu options and extended hours delivered a solid 3.6% increase in
comparable sales, despite harsh weather in certain parts of the country.
"Europes February comparable sales rose 5.4% driven primarily by strong
results in France and Germany. In addition, the U.K.s ongoing emphasis on
brand building initiatives generated positive comparable sales in February.
All three markets added greater variety and excitement to the menu by
featuring premium burgers and specialty promotional menu options. We remain
focused on building momentum across Europe by providing relevant menu
selections and everyday value in an inviting and contemporary atmosphere.
"Im pleased with our sales results for the first two months of 2006, and
Im confident that our Systems focus and alignment on executing the Plan to
Win will deliver long-term profitable growth."
February Comparable Sales
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Month-to-Date Year-to-Date
Percent Increase/(Decrease) 2006 2005 2006 2005
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McDonalds Restaurants* 4.7 1.6 5.2 3.4
Major Segments:
U.S. 3.6 4.6 6.7 4.4
Europe 5.4 (3.4) 2.2 1.1
APMEA** 3.9 1.7 3.6 4.6
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February Systemwide Sales
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Month-to-Date Year-to-Date
As Constant As Constant
Percent Increase/(Decrease) Reported Currency Reported Currency
-----------------------------------------------------------------------
McDonalds Restaurants* 3.0 5.8 3.7 6.3
Major Segments:
U.S. 4.4 4.4 7.4 7.4
Europe (1.8) 6.5 (4.4) 3.3
APMEA** 0.1 6.1 0.2 5.7
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* Excludes non-McDonalds brands
** Asia/Pacific, Middle East and Africa
Definitions
-- Comparable sales represent sales at all McDonalds restaurants in
operation at least thirteen months including those temporarily closed,
excluding the impact of currency translation. Some of the reasons
restaurants may be temporarily closed include road construction,
reimaging or remodeling, and natural disasters such as hurricanes.
Management reviews the increase or decrease in comparable sales
compared with the same period in the prior year to assess business
trends.
-- Information in constant currency is calculated by translating current
year results at prior year average exchange rates.
-- Systemwide sales include sales at all McDonalds restaurants,
including those operated by the Company, franchisees and affiliates.
Management believes Systemwide sales information is useful in
analyzing the Companys revenues because franchisees and affiliates
pay rent, service fees and/or royalties that generally are based on a
percent of sales with specified minimum rent payments.
Upcoming Communications
Jan Fields, President U.S. Central Division, will speak at 1:45 p.m.
(Pacific Time) at the JP Morgan Gaming, Lodging and Restaurants Conference on
March 22, 2006. This presentation will be webcast live and available for
replay for a limited time thereafter at http://www.investor.mcdonalds.com .
McDonalds tentatively plans to release March sales on April 13, 2006.
McDonalds is the leading global foodservice retailer with more than
30,000 local restaurants in more than 100 countries. Approximately 70% of
McDonalds restaurants worldwide are owned and operated by independent, local
businessmen and women. Please visit our website at http://www.mcdonalds.com
to learn more about the Company.
Forward-Looking Statements
This release contains certain forward-looking statements, which reflect
managements 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. A list of the factors that could
cause actual results to differ materially from those expressed in, or
underlying, these forward-looking statements is detailed in the Companys
filings with the Securities and Exchange Commission, such as its annual and
quarterly reports.
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