McDonald's Reports Global Comparable Sales For May
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McDonald's (MCD) May Comps Outperform Amid Strong Europe Results - RBC Capital
June 8, 2015 11:43 AM EDTRBC Capital comments on McDonald's (NYSE: MCD) following the fast-food giant's May 2015 sales results issued earlier Monday.
McDonald's reported a 0.3 percent in global comparable-store sales last month, while RBC was looking for a decline of 1.2 percent.
Analyst David Palmer noted, US SSS declined -2.2 percent (RBCe -1 percent, cons -1.7 percent), Europe SSS growth was 2.3 percent (RBCe 0.5 percent, cons. 0.6 percent), and APMEA declined -3.2 percent (RBCe -6 percent, cons -3.8 percent). Sales in APMEA continue to be hurt by... More
McDonald's (MCD) Global Comps Fell 0.3% in May
June 8, 2015 7:58 AM EDTMcDonald's (NYSE: MCD) announced that global comparable sales decreased 0.3% in May. (The Street was looking for a drop of 0.9%.) Performance by segment was as follows:
U.S. down 2.2%Europe up 2.3%Asia/Pacific, Middle East and Africa (APMEA) down 3.2%"McDonald's has embarked on a turnaround plan to reignite our business performance," said Steve Easterbrook, President and Chief Executive Officer. "Our talented franchisees, suppliers and employees are placing renewed emphasis on the basics of great-tasting, high-quality food, compelling value and outstanding service. Our goal is to be... More
