UK customers still hungry for McDonald's
Thursday 23 April 2009
McDonald's UK delivered strong sales growth in its first quarter, as consumers continued to flock to its restaurants to scoff Big Macs and its newer ranges during the recession. Steve Easterbrook, the company's UK chief executive, said it delivered "strong single digit [sales] growth" in the quarter ended 31 March.
Its US parent posted global comparable sales up by 4.3 per cent, despite one less trading day in February this year, over the period. The company's first-quarter profits rose by 4 per cent to $979.5m.
Europe's first quarter operating income increased 1 per cent in constant currencies, with the UK, France and Russia leading the way. Mr Easterbrook said: "It [UK growth] was achieved at a time when the informal eating out market is flat." He added that the UK's growth was above the European average both in sales and customer count, "confirming that we are building market share in a flat market as a result of the investments we are making in our business."
Over the quarter, it added Mayo Chicken, a 99p meat and bun combo, to its entry level menu, as well as new burgers and chicken wraps. It was McDonald's UK 12th consecutive quarter of growth.
- 1 iOS 8 apps and features: eight iPhone settings you need to look at after you install the update
- 2 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 3 'F*ck it, I quit': TV reporter Charlo Greene quits live on air in spectacular fashion
- 4 Scotland could still declare independence – even without referendum, says Alex Salmond
- 5 Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Rihanna 'nude photos' claims emerge on 4Chan as hacking scandal continues
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
Khorasan: Muhsin al-Fadhli - the man leading a terror group more feared by US officials than Isis
'F*ck it, I quit': TV reporter Charlo Greene quits live on air in spectacular fashion
Alicia Keys leaks nude photo 'to create a kinder and more peaceful world'
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...
Up to £80000: Saxton Leigh: My client, a large commodities broker, is looking ...