UPDATE: McDonald's (MCD) Shares Lower as Global Comps Miss Internal Expectations in April

May 8, 2012 8:06 AM EDT
(Updated - May 8, 2012 9:06 AM EDT)

McDonald's (NYSE: MCD) shares are hanging in negative territory Tuesday following its comparable-store sales numbers for April.

According to a release Tuesday morning, global comps rose 3.3 percent in April. The number is a slowdown from 6.0 percent of comps growth reported in the same period last year.

UPDATE: McDonald's itself was looking for a 4 percent increase in April comps.

Metrics slowed across the board:
  • U.S. from 4.0 percent last year to 3.3 percent last April;
  • Europe from 6.5 percent down to 3.5 percent; and
  • Asia/Pacific, Middle East and Africa also from 6.5 percent to just 1.1 percent.
Systemwide sales rose 2.2 percent, or 5.5 percent when adjusted for currencies. April 2011 saw systemwide sales grow 12.7 percent, or 7.5 as adjusted.

As a reminder, McDonald's Annual Shareholders' Meeting will be webcast live on May 24, 2012 at 9:00 a.m.

Shares of McDonald's are down 2.3 percent ahead of the bell Tuesday.

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