McDonald’s APMEA’s comparable sales dipped 3.3%
Japan and China markets stilll unimpressive.
According to the results of the first quarter 2013—which ended March 31, 2013, Mcdonald’s Corporation released that global comparable sales decreased 1.0%, and consolidated operating income decreased 1% (flat in constant currencies). On the other hand, consolidated revenues increased 1% (1% in constant currencies), and diluted earnings per share of $1.26, up 2% (3% in constant currencies). Also, the company returned $1.1 billion to shareholders through dividends and share repurchases.
In Asia/Pacific, Middle East and Africa (APMEA), first quarter comparable sales declined 3.3% primarily due to ongoing weakness in Japan and negative results in China. The segment's quarterly operating income was down 1% (up 2% in constant currencies). McDonald's APMEA remains to be focused on driving performance by offering unique value platforms, accelerating growth at breakfast, and broadening accessibility through service and convenience initiatives and new restaurant development.
"McDonald's remains diligently focused on enhancing our menu, restaurants and the overall customer experience to become more relevant to today's consumers. While the Company's results for the quarter reflected difficult prior year comparisons and the ongoing impact of global economic headwinds, we continue our efforts to build market share and deliver sustained profitable growth for all stakeholders,” shared Don Thompson, McDonald's President and Chief Executive Officer.
