McDonald's Reports Global Comparable Sales For April
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May 8, 2015 11:23 AM EDT
McDonald's (NYSE: MCD) is trading higher Friday along with the broader market following its April sales report, which saw the company report a 0.6 percent drop in comps, narrower than the 1.8 percent drop expected by the Street consensus.
Analyst David Palmer commented, Sales in APMEA continue to be hurt by Japanese SSS declines (-21.5% SSS decline in Feb.), but were offset by strong growth in Australia across all dayparts and price tiers.... More
May 8, 2015 7:58 AM EDT
McDonald's (NYSE: MCD) announced that global comparable sales decreased 0.6% in April. Performance by segment was as follows:
U.S. down 2.3%Europe up 1.0%Asia/Pacific, Middle East and Africa (APMEA) down 3.8%
"Earlier this week, we announced the initial steps in McDonald's business turnaround plan," said Steve Easterbrook, President and Chief Executive Officer. "We are moving quickly to deliver a... More
