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
04/22 MCDONALD : NEWS BRIEFING Uncertain future for Burger King
04/21 MCDONALD : A daily McDonald's customer for seven years, 'Pops' gets surprise 90t..
04/21 MCDONALD : Golden Arches at New Peak
04/20MCDONALD'S CORPORATION : quaterly earnings release
04/19 MCDONALD : SWANSEA — Lou Provenzano has sold his 14 McDonald’s franc..
04/19 MCDONALD : SWANSEA Provenzano sells McDonald's franchises
04/18 Omnicom's North America growth slows even as profit, revenue beat
04/18 MCDONALD : Horror hit 'Split' arrives on home video, along with fast food 'Found..
04/17 NEW ON DVD, VOD : 'the founder' and 'split'
04/08 Don't let up in fight against tax avoidance, Moscovici urges EU states
More news
Sector news : Quick Service Restaurants
04/22 Wall Street gears up for busiest earnings week in years
04/21 Restaurant Group finance chief leaves after less than a year
04/17DJSocial Media Outcries Leave Little Damage -- WSJ
04/15DJUnited, Pepsi Outcry Unlikely to Hurt Financial Results
04/13 COMPASS : Services group Sodexo sticks to full-year targets as first-half profit..
More sector news : Quick Service Restaurants
News from SeekingAlpha
04/24 Notable earnings before Tuesday?s open
04/24 My 83 Stock Portfolio Review Highlighting Defensive Sectors And My Energy Sto..
04/24 All-time high for McDonald's into earnings
04/24 EARNINGS PREVIEW : McDonald's, Coca-Cola, And Chipotle Report Q1
04/24 Game Plan For The Week - Cramer's Mad Money (4/21/17)
Advertisement
Financials ($)
Sales 2017 21 760 M
EBIT 2017 8 291 M
Net income 2017 5 013 M
Debt 2017 25 612 M
Yield 2017 2,86%
P/E ratio 2017 21,56
P/E ratio 2018 20,07
EV / Sales 2017 6,18x
EV / Sales 2018 7,05x
Capitalization 108 963 M
More Financials
Chart MCDONALD'S CORPORATION
Duration : Period :
McDonald's Corporation Technical Analysis Chart | MCD | US5801351017 | 4-Traders
Full-screen chart
Technical analysis trends MCDONALD'S CORPOR...
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 137 $
Spread / Average Target 2,8%
Consensus details
EPS Revisions
More Estimates 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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MCDONALD'S CORPORATION9.60%108 963
YUM! BRANDS, INC.2.35%22 834
CHIPOTLE MEXICAN GRILL..26.97%13 742
YUM CHINA HOLDINGS INC25.38%12 587
DOMINO'S PIZZA, INC.12.60%8 613
DOMINO'S PIZZA ENTERPR..-6.14%4 087
More Results