McDonald's (MCD) Comps Rose 1.4% in February

McDonald's (NYSE: MCD) reports same store sales for the month of February rose 1.4%, reflecting a negative calendar shift as February 2008 included an extra day due to leap year. Excluding this negative calendar shift of about 4 percentage points, comparable sales were positive for all segments and global comparable sales were up approximately 5.4%

U.S. increased 2.8%; up 6.8% excluding the segment's calendar shift, Europe decreased 0.2%; and increased 4.0% excluding the segment's calendar shift and Asia/Pacific, Middle East and Africa increased 0.7%; up 4.1% excluding the segment's calendar shift

Systemwide sales for McDonald's worldwide restaurants declined 4.6% for the month, but increased 3.2% in constant currencies.

If foreign currency rates remain at current levels, currency translation is expected to negatively impact first quarter revenues by at least $600 million and earnings by $0.07 to $0.09 per share. In addition, as previously stated, commodity cost pressures are expected to have a greater impact during the first half of the year.

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