McDonald's overseas market's sales increases 5.7% in Q3
It is led by continued momentum in the U.K. and Canada.
McDonald's Corporation announced results for the third quarter ended September 30, 2017, with the global comparable sales increasing 6.0%, reflecting positive guest counts in all segments.
Also, due to the impact of the Company's strategic refranchising initiative, consolidated revenues decreased 10% and systemwide sales increased 7% due to strong comparable sales performance and restaurant expansion.
"We are serving more customers, more often by offering great tasting food at a good value with the quick service and friendly hospitality they expect from McDonald's," said McDonald's president and CEO Steve Easterbrook. "Our positive comparable sales and guest counts across all of our operating segments during the third quarter demonstrate broad-based momentum throughout our business that builds upon our strong first half of 2017."
Comparable sales for the International Lead segment increased 5.7% for the quarter, led by continued momentum in the U.K. and Canada, as well as positive results across all other markets. The segment's operating income increased 21% (17% in constant currencies), fueled by sales-driven improvements in franchised margin dollars.
Steve Easterbrook concluded, "Our Velocity Growth Plan is the right strategy for McDonald's to achieve long-term, profitable growth and we are on track to succeed with our commitment and focus on execution. We've made progress in many areas of our business already, including optimizing our restaurant ownership mix and running better restaurants. At the same time, we also are making strides with initiatives such as delivery, mobile order and pay, as well as the Experience of the Future transformation of our restaurants that will make the experience more convenient, personalized and enjoyable for our customers."
