Fastfood giant McDonald’s Corporation has reported that its global comparable sales rose by 7.2% in December, against December 2005, while global comparable sales for the fourth quarter and year were also up, by 6.3% and 5.7%, respectively.
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The company said it expected fourth-quarter earnings per share to be US$1.00, including $0.61 per share of income from continuing operations which represents a 30% increase from last year’s results. The remaining $0.39 is a gain related to the sale of the company’s stake in Chipotle Mexican Grill.
“Our steadfast focus on delivering great tasting food along with an exceptional restaurant experience generated strong comparable sales across all geographic segments in 2006,” said McDonald’s CEO Jim Skinner. “McDonald’s performance for the year reflects our ongoing commitment to continuous improvement and the strength of our global alignment around the Plan to Win.”
On a region by region basis, US comparable sales rose by 6.9% for December, by 5.9% for the fourth quarter and by 5.2% for the year, with the signature breakfast range, Snack Wrap and premium chicken options highlighted as strong performers.
In Europe, sales were up by 8.2% in December, by 7.3% for the quarter and by 5.8% for the year, with strong contributions noted from Germany, France and the UK.
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By GlobalDataIn Asia/Pacific, Middle East and Africa, China’s renewed emphasis on branded affordability, along with positive results in Japan and Australia, drove comparable sales up by 4.8% in December, the company added.
