Fastfood giant McDonald’s has reported a 32nd consecutive month of comparable sales increases.
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It has announced a sales improvement of 5.0% for December 2005, compared to the same month in the previous year. McDonald’s’ global sales for the fourth quarter rose by 4.2%, and by 3.9% for the 2005 full year, when compared to global sales in 2004.
McDonald’s CEO Jim Skinner said: ” The positive comparable sales achieved across all segments for the second consecutive year is evidence of the effectiveness of our ongoing customer-focused initiatives.”
For the month of December, US comparable sales rose 4.4%, European sales were up 4.6%, and in Asia/Pacific, Middle East and Africa, comparable sales increased 5.9% led by strong results in Japan, Australia and Taiwan.
“As we look forward to 2006, I am confident that our customer-focused initiatives will continue to further connect with consumers and deliver long term, profitable growth for all McDonald’s shareholders,” added Skinner.
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By GlobalDataFourth quarter 2005 earnings are expected to be about US$0.48 per share, including a combined $0.03 per share of negative impact from foreign currency exchange rates and expense related to asset impairment, primarily in South Korea.
