Tuesday, June 29, 2010

McDonalds serves up growth in Asia

By James Quinn, US Business Editor Published: 7:21PM GMT 08 March 2010

Stefan Nicola cooking a Big Mac hamburger at a McDonald McDonald"s serves up grwoth in Middle East Photo: Bloomberg News

The climb in McDonald"s sprawling Asia, Middle East and African multiplication coincided with Chinese New Year, and the launch of a lunchtime worth menu.

China, Japan and Australia delivered quite clever returns, with tellurian sales up 4.8pc as a result.

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The grill sequence had 1,135 outlets opposite mainland China by the finish of 2009, with plans to enlarge the collateral investment in the nation by 25pc this year.

The fillip done up for diseased expansion on the home market, with like-for-like sales in the US up by 0.6pc. The association estimated that last month"s snowstorms opposite the East Coast marked down like-for-likes by about dual commission points, negating the new key of a $1 breakfast menu. McDonald"s is attempting to keep the business it captivated by trade down during the mercantile recession, whilst at the same time creation the majority of the nascent liberation in the US.

Closer to home, European like-for-like sales rose by 5.4pc in February, buoyed in sold by France and the UK.

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