- McDonald’s reported global company SSS of +7.4% well ahead of consensus estimates.
- US comp sales were +6.0%
- European comp sales were +6.5%
- Asia/African comp sales were +8.1%
McDonald’s (MCD) continues to display tremendous momentum from remodeling restaurants, improving food quality, adding new menu items, and expanding store hours. While many companies are slowing sharply in Europe, McDonald’s showed acceleration from October trends to November. The world isn’t so bad, despite Europe’s crisis, that business anywhere and everywhere is falling off a cliff. It isn’t as bad in Europe as it was in the US during Q4 2008.