X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

OAK BROOK, IL-McDonald’s global same-store sales rose 6.3% year over year during its first quarter, with the use portion of its units rising at a 4.4% clip. The fast-food giant was bolstered by a strong March when same-store sales around the globe hopped up 8.2%.

The company’s first-quarter results match last year’s fourth quarter, when same-store sales also rose 6.3%. In March, McDonald’s was led by an 11.2% increase in Europe; followed by a 9.6% boost in the Asia/Pacific, Middle East and Africa division; and a 6.2% rise in the US.

In Europe, premium products and value-item menus were popular with consumers, executives say, while the strongest-performing countries were France, Germany, the UK and Russia. They cited the Snack Wrap, a new menu item, in helping US sales.

Management predicts that first-quarter earnings per share will come in at 62 cents, up from 49 cents during the same year-ago period. It plans to release full results for the financial period on April 20.

McDonald’s operates about 30,000 restaurants in 100 countries. Executives plan to open about 800 new units around the world in the coming year, 200 of them domestically.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.