OAK BROOK Ill. Citing the continued success of breakfast, Premium Roast coffee, chicken Snack Wraps and its Dollar Menu, McDonald’s Corp. reported a global year-to-year same-store sales boost of 8.2 percent for November.
As in previous months of 2007, every region of McDonald’s posted sales gains, with the highest occurring in the chain’s Asia, Middle East and Africa sector, which posted a 12-percent jump. That region was led by sales in Japan, Australia and China, McDonald’s said.
Europe was the second-highest performer with a 10.8-percent jump, led by Germany, Britain and France. Executives credited a new chicken sandwich in Britain and a game promotion in France.
Amore modest gain of 4.4 percent was logged in the United States. Analysts said the U.S. same-store sales result was impressive, given that McDonald’s did not introduce a new product until the end of November and that general economic conditions continued to deteriorate during the month. Looking ahead to results of this month, analysts expect an improved same-store sales gain, boosted by the breakfast McSkillet Burrito.
Systemwide sales rose 16.3 percent in November and 11.9 percent through the 11 months of this year, the company reported. McDonald’s stock traded at a new annual high on Monday, hitting $61.24 per share.
