OAK BROOK, Ill. - June 8, 2015 // PRNewswire // - McDonald's Corporation today announced that global comparable sales decreased 0.3% in May. Performance by segment was as follows:
"McDonald's has embarked on a turnaround plan to reignite our business performance," said Steve Easterbrook, President and Chief Executive Officer. "Our talented franchisees, suppliers and employees are placing renewed emphasis on the basics of great-tasting, high-quality food, compelling value and outstanding service. Our goal is to be a modern, progressive burger company that is responsive to consumers' evolving preferences, provides a contemporary experience for our customers and drives long-term value for our system and our shareholders."
U.S. comparable sales decreased 2.2% in May reflecting negative customer traffic and ongoing competitive activity. To address its current challenges, the U.S. is working to enhance the customer experience with exciting limited-time menu and value options while testing opportunities to expand convenience, personalization and daypart availability to modernize the business.
Europe's comparable sales rose 2.3% in May as strong results in the U.K. and slightly positive performance in Germany and France were partly offset by slightly negative results in Russia. Europe's monthly performance was supported by consistent everyday value offers alongside compelling premium platforms reinforced with effective marketing and promotional execution to drive demand.
In APMEA, comparable sales declined 3.2% in May as strong performance in Australia was more than offset by continued challenges in Japan and negative performance in China. Strengthening McDonald's quality and value perceptions remains a top priority for APMEA.
Solid comparable sales in McDonald's Other Countries & Corporate segment, which includes Latin America and Canada, contributed positively to the Company's global comparable sales performance for the month.
Systemwide sales for the month decreased 7.2%, or increased 1.8% in constant currencies.
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McDonald's tentatively plans to release second quarter results before the market opens on July 23, 2015 and will host an investor webcast. This webcast will be broadcast live and available for replay for a limited time thereafter at www.investor.mcdonalds.com.
Effective July 1, 2015, McDonald's will discontinue monthly sales reporting. Moving forward, the Company will disclose sales performance for its new segments in conjunction with quarterly earnings. This new approach eliminates single-metric reporting and focuses investors on more comprehensive disclosure of the Company's overall financial performance and aligns with McDonald's longer-term vision for building shareholder value.
McDonald's is the world's leading global foodservice retailer with over 36,000 locations serving approximately 69 million customers in over 100 countries each day. More than 80% of McDonald's restaurants worldwide are owned and operated by independent local business men and women.
This release contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties. The factors that could cause actual results to differ materially from our expectations are detailed in the Company's filings with the Securities and Exchange Commission, such as its annual and quarterly reports and current reports on Form 8-K.
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SOURCE McDonald's Corporation
Chris Stent
Investor Relations
630-623-3801
Heidi Barker
Media Relations
630-623-3791
McDonald's Corporation is the largest chain of fast-food restaurants, primarily selling hamburgers, chicken, french fries, milkshakes and soft drinks.