McDonald's Asia Brings Down April Comparable Store Sales
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McDonald's is out with its April sales figures, and the numbers are worse than expected.
Global comparable store sales fell 0.6%, which was worse than the 0.48% decline expected.
"As we begin the second quarter against the backdrop of a persistently challenging macro environment, the McDonald's System is aligned around executing our long-term strategies to drive sustained, profitable growth," said CEO Don Thompson.
Here's the regional breakdown:
U.S. up 0.7% (Est. down 0.05%)
Europe down 2.4% (Est. down 1.01%)
Asia/Pacific, Middle East and Africa (APMEA) down 2.9% (Est. down 1.44%)
"In April, APMEA's comparable sales declined 2.9%, reflecting the impact of Avian influenza, primarily in China, and softer results in Japan and Australia," wrote the company.
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