October 23, 2012

McDonald’s reports flat consolidated revenues for Q3 in 2012

US fast food chain McDonald’s reported consolidated revenues of $7.2bn for the third quarter ended 30 September 2012 with consolidated operating income amounting to $2.3bn.

By admin-demo

US fast food chain McDonald’s reported consolidated revenues of $7.2bn for the third quarter ended 30 September 2012 with consolidated operating income amounting to $2.3bn.

The consolidated revenues were flat compared to the corresponding period of 2011 while consolidated operating income was down 4%.

McDonald’s posted a comparable sales increase of 1.2% over the third quarter of 2012 whereas global comparable sales increased 1.9% with all geographical segments returning positive results.

Europe generated comparable sales growth of 1.8% while its operating income decreased 7% for the quarter.

In Asia/Pacific, Middle East and Africa (APMEA), comparable sales increased 1.4% for the quarter while the figures for the US market stood at 1.2%.

Commenting on the results McDonald’s chief executive officer Don Thompson remarked that the figures reflect the current difficult market condition but the company remained positive on the long-term opportunities.

"We have the right plans in place to drive long-term profitable growth along with the experience and alignment throughout the McDonald’s System to navigate the current environment.

"We expect near-term top- and bottom-line growth to remain pressured as we focus on driving guest traffic and market share by leveraging our strategies and competitive advantages in response to the global economic, operating and competitive challenges," said Thompson.

The company returned $1.3bn to shareholders through share repurchases and dividends for the year.