McDonald’s (NYSE: MCD) proved once again that it may be the only company based in America with growth as bulletproof as Apple’s.
Same-store sales for July exploded upward by 7%, well ahead of forecasts.
U.S. business strenght continued in July as comparable sales increasing 5.7%. Top contributors to July’s results were beverages, including the recently launched McCafe Real Fruit Smoothies and Frappes.
In Europe, July comparable sales increased 5.3%, led by France, the U.K. and Germany. Europe’s unique premium menu offerings helped push up results
As might be expected based on the overall economic growth in the region, July comparable sales increased 10.1% in Asia/Pacific, Middle East and Africa (APMEA) due to strong sales growth in Japan, Australia, China and most other countries. Innovative value offerings, menu variety and breakfast continued to deliver results.
McDonald’s has said it will accelerate the number of stores it will open in China over the next five years.
Douglas A. McIntyre
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