McDonald’s Global Momentum Increases
McDonald’s Corporation (NYSE:MCD) continued its global sales growth momentum as apparent from its figures for the month of November 2011.
Global sales grew 7.4% over 2010 with a good showing by all the major segments: U.S. (+6.5%), Europe (+6.5%) and Asia/Pacific, Middle East and Africa i.e. APMEA (+8.1%).
“We’re listening to our customers and delivering what they expect from McDonald’s (NYSE:MCD) by optimizing our menu, modernizing the customer experience and broadening accessibility to our Brand,” said McDonald’s Chief Executive Officer Jim Skinner. “McDonald’s steadfast focus on our customers and our operations under the Plan to Win is driving the sustained momentum of our global business.”
U.S. growth was driven by the breakfast daypart, value offerings, the addition of Peppermint Mocha to the coffee lineup and chicken promotions.
Europe drummed up growth with the help of a bigger range of premium and mid-tier products, revamped restaurants, marketing events and exciting food promotions.
Japan and China led from the front in the APMEA region, where locally-oriented menus, value products and the evergreen favorites mixed with “compelling customer conveniences” boosted sales.
This is how McDonald’s stock is trading on the news:
McDonald’s Corp. (NYSE:MCD): MCD shares recently traded at $97.69, up $1.24, or 1.29%. They have traded in a 52-week range of $72.14 to $98.29. Volume today was 3,238,038 shares versus a 3-month average volume of 6,468,870 shares. The company’s trailing P/E is 19.16, while trailing earnings are $5.10 per share. Get the most recent company news and stock data here >>