McDonald's November Sales Figure Rises

McDonald's November sales figure risesNEW YORK (AP) - McDonald's Corp. (MCD) said Monday that a key sales figure rose in November, as U.S. customers snapped up the world's biggest hamburger chain's breakfast offerings and limited-time Cheddar Bacon Onion sandwiches.

The increase follows a decline in October, the first drop in McDonald's key monthly sales gauge in nearly a decade.

Investors sent McDonald's shares up 2.2 percent in premarket trading on Monday.

The company, based in Oak Brook, Ill., said that its global sales at restaurants open at least thirteen months rose 2.4 percent for the month ended Nov. 30. The figure is a key metric because it strips out the impact of newly opened and closed locations.

The figure rose 2.5 percent in the U.S., boosted by popularity of breakfast options, its value menu and limited-time Cheddar Bacon Onion sandwiches.

The figure rose 1.4 percent in Europe, where it gets 40 percent of its business, as strength in the U.K., Russia and other markets were offset by weakness in Germany.

In the region encompassing Asia, the Middle East and Africa, it edged up 0.6 percent, hurt by results in Japan.

Systemwide sales, which includes sales at all restaurants, rose 3.2 percent.

After years of outperforming its rivals, McDonald's has seen sales growth slow as the company faces intensifying competition and an uncertain global economy. Its global revenue at restaurants open at least 13 months fell 1.8 percent in October. The last time it had dropped was in March 2003.

McDonald's has responded by renovating some stores and expanding its value menu and adding other food items to its menu.

Its longtime rivals such as Burger King (BKW) and Wendy's Co. (WEN) are reviving their brands with improved menus and new TV ad campaigns. Taco Bell, owned by Yum Brands Inc. (YUM), is also seeing improved growth sparked by new offerings such as it Doritos Locos Tacos and higher-end Cantina Bell bowls and burritos.

Meanwhile, people are increasingly flocking to restaurants such as Chipotle Mexican Grill Inc. (CMG) and Panera Bread Co. (PNRA), which offer better-quality food for a little more money. The broader fast-food landscape has been undergoing changes over the past several years too, with the rise of chains such as Subway and Starbucks.


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marine1942

McDonald's is an AMERICAN company, hiring legal AMERICAN workers, paying AMERICAN taxes.
Thank you McDonald's !!

December 12 2012 at 8:49 AM Report abuse +2 rate up rate down Reply
Lillian

Please bring out the McRibs sooner.

December 11 2012 at 2:11 PM Report abuse +1 rate up rate down Reply
ectullis

Does the %25 increase in prices have anything to do with the sales figures?

December 11 2012 at 10:14 AM Report abuse -1 rate up rate down Reply
gridlock608

I must agree McDonalds is an awesome cleanout system!

December 10 2012 at 8:44 PM Report abuse -1 rate up rate down Reply
timshouse

I will say that if I am constipated , all it takes is one big mac and the pipes are flushed in quick time

December 10 2012 at 8:00 PM Report abuse rate up rate down Reply
1 reply to timshouse's comment
cqdeed

Thanks for the good word. I gotta give that a try.

December 10 2012 at 8:35 PM Report abuse -1 rate up rate down Reply
2 replies to cqdeed's comment
mastercommentor

works all the time! lol

December 11 2012 at 12:57 PM Report abuse -1 rate up rate down
mastercommentor

it works wonders! lol

December 11 2012 at 1:00 PM Report abuse -1 rate up rate down