McDonald’s Q1 cons revenues up 3.0% y/y

Fast food franchise giant McDonald’s reported its consolidated revenues increased 3.0% on the year in constant currencies in the thirst three months of 2014.

Global comparable sales increased by an annual 

The global sales of McDonald's, which employs over 62,000, increased.

In the U.S., comparable sales decreased 1.7% on the year in the period under review while operating income dropped 3.0% compared to a year earlier. Comparable guest traffic was negative in the U.S., the company added.

In Europe, McDonald’s comparable sales increased and operating income grew by an annual 1.4% and 4.0% in constant currencies, respectively. The company reported weak sales performance in Germany, but it also had positive sales in the UK, France and Russia.   

“[…] global comparable sales for the month of April are expected to be modestly positive,” McDonald’s president and CEO, Don Thompson, said.  

Meanwhile, comparable sales in January-March increased 0.8% in the Asia, Pacific, Middle East and Africa (APMEA) region while operating income declined 2.0% on the year.