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Oct, 26 2018

McDonald's achieves comparable sales growth in key regions

The fast-food giant also experienced strong sales growth in Britain, Australia, France, Italy, the Netherlands and Japan.

McDonald's has achieved comparable sales growth in key regions but reported a dip in third-quarter profit.

The comparable sales, a key benchmark in the restaurant business, grew in all four of McDonald's regional categories, with the home US market up 2.4%. The fast-food giant also experienced strong sales growth in Britain, Australia, France, Italy, the Netherlands and Japan.

The company's net income fell to $1.6 billion, a drop of 13.1% from the same period of the prior year. The quarterly revenues fell 6.7% to $5.4 billion.

Steve Easterbrook, President and Chief Executive Officer, McDonald's, said, "In addition to achieving 13 consecutive quarters of positive global comparable sales, we have made substantial progress modernising restaurants around the world, enhancing hospitality and elevating the experience for the millions of customers we serve every day. We remain confident that our strategy will drive long-term, profitable growth."

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