Every man, woman, and child in most developed countries must be eating at McDonald’s (MCD). August same-store sales rose 8.1% in August.
The company showed impressive strength in the US, Asia/Pacific, the Middle East, and Africa.
Comparable Systemwide Sales
Sales As Constant
Month ended August 31, 2007 2006 Reported Currency
——————————————————————–
McDonald’s Restaurants 8.1 6.0 12.3 9.3
Major Segments:
U.S. 7.4 3.5 8.3 8.3
Europe 6.1 8.8 14.0 7.1
APMEA 12.4 6.1 18.2 14.9
Either people are eating out a lot more, or Burger King (BKC) and Starbucks (SBUX) are in trouble.
Douglas A. McIntyre
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