Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  McDonald's Corporation    MCD

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

McDonald's Corporation : McDonald's October Same-Store Sales Up 0.5% on U.S., Europe

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/08/2013 | 02:28pm CEST
   By Ben Fox Rubin 
 

McDonald's Corp.'s (MCD) global same-store sales grew 0.5% in October, with results in the U.S. and Europe offsetting weakness in Asia.

McDonald's, the world's largest fast-food company, last month predicted global same-store sales for October to be relatively flat, despite what should have been an easy comparison from a year ago, when the company reported its first monthly same-store sales decline in nine years.

The company continues to struggle with a soft global economy that has caused consumers to pull back on restaurant spending. McDonald's and several of its rivals have tried to improve their results by focusing on cheaper food options.

The chain has looked to roll out a Dollar Menu & More lineup in the U.S. that includes its standard dollar items as well as products priced at $2 and $5. Some of its higher-priced products haven't sold well, including the $4 Angus burgers the chain pulled from its menu recently.

McDonald's said October systemwide sales rose 1.5%, or 3% excluding currency fluctuations.

In Europe, same-store sales, or sales at restaurants open at least 13 months, were up 0.8%, reflecting positive performance in the U.K., France and Russia, though the burger chain posted negative results in Germany.

In the U.S., same-store sales edged up 0.2%, with results supported by newer offerings, such as Mighty Wings and Pumpkin Spice Latte, and introduction of the new Premium Southwest McWrap, the company said.

The Asia/Pacific, Middle East and Africa region posted 2.8% lower same-store sales, primarily due to weaker results in Japan.

McDonald's last month narrowly beat third-quarter earnings estimates, but reported disappointing same-store sales growth worldwide.

Shares closed Thursday at $97.20 and were inactive premarket. The stock is up 10% so far this year.

Write to Ben Fox Rubin at [email protected]

Order free Annual Report for McDonald's Corp.

Visit http://djnweurope.ar.wilink.com/?ticker=US5801351017 or call +44 (0)208 391 6028

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MCDONALD'S CORPORATION
09/22 MCDONALD : NNU to Confer Honorary Degree on Philanthropist Jerry Caven
09/22 MCDONALD : Raises Quarterly Cash Dividend By 7%; Quarterly cash dividend increas..
09/21 MCDONALDS CORP : Regulation FD Disclosure, Financial Statements and Exhibits (fo..
09/21 MCDONALD : Raises Quarterly Cash Dividend By 7%
09/20 MCDONALD : Vikram bakshi reopens 18 mcdonald's outlets in delhi
09/18 RESPONSIBLE FARMING III : Antibiotics in food
09/18 5 companies keen to partner mcdonald's
09/15 COCA COLA : McDonald's to switch out Happy Meal apple juice
09/15DJCOMING SOON TO MCDONALD'S HAPPY MEAL : Organic, Watered-Down Juice -- Update
09/15DJCOMING SOON TO MCDONALD'S HAPPY MEAL : Organic, Watered-Down Juice
More news
News from SeekingAlpha
09/22 MCDONALD'S : Dividend Aristocrat Serves Up A 7% Dividend Increase
09/22 TESLA : Wonders Of Crippleware
09/22 Chipotle And McDonald's Relative Valuation
09/21 McDonald's declares $1.01 dividend
09/21 Wendy's Is Overvalued
Financials ($)
Sales 2017 22 523 M
EBIT 2017 8 821 M
Net income 2017 5 333 M
Debt 2017 25 225 M
Yield 2017 2,40%
P/E ratio 2017 24,35
P/E ratio 2018 22,92
EV / Sales 2017 6,83x
EV / Sales 2018 7,81x
Capitalization 129 B
Chart MCDONALD'S CORPORATION
Duration : Period :
McDonald's Corporation Technical Analysis Chart | MCD | US5801351017 | 4-Traders
Technical analysis trends MCDONALD'S CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 171 $
Spread / Average Target 7,7%
EPS Revisions
Managers
NameTitle
Stephen J. Easterbrook President, Chief Executive Officer & Director
Enrique Hernandez Non-Executive Chairman
James R. Sappington Executive VP-Operations and Technology Systems
Kevin M. Ozan Chief Financial Officer & Executive Vice President
Andrew J. McKenna Chairman-Emeritus
Sector and Competitors
1st jan.Capitalization (M$)
MCDONALD'S CORPORATION31.35%128 814
YUM! BRANDS, INC.20.59%26 368
YUM CHINA HOLDINGS INC53.87%15 272
DOMINO'S PIZZA, INC.24.37%9 556
CHIPOTLE MEXICAN GRILL, INC.-17.21%8 930
WENDYS CO14.20%3 688