(Corrects paragraph 4 to fix source of analyst estimate to
Thomson Reuters from Consensus Metrix. The error also appeared
in an earlier version of the story)
* Global same-restaurant sales growth 0.5 pct in Oct vs est.
* U.S same-restaurant sales growth 0.2 pct vs est. 0.7 pct
Nov 8 McDonald's Corp reported
lower-than-expected comparable-restaurant sales for October as
sales fell in Japan and remained weak in the United States.
The world's largest hamburger chain warned a few weeks ago
that global sales at established restaurants would be relatively
flat in October, and signaled that weakness would continue in
the fourth quarter amid stiff competition and a halting economic
Analysts have also raised concerns the company is suffering
from execution issues rather than external factors as its
results over the past year show it has been slower in adapting
to changing consumer demands compared to Wendy's Co and
Burger King Worldwide Inc.
McDonald's global sales at restaurants open for more than a
year rose 0.5 percent in October, but the growth was below the
average analyst estimate of 0.6 percent, according to nine
analysts polled by Thomson Reuters.
Comparable-restaurant sales grew 0.2 percent in the United
States, falling short of the 0.7 percent expected by analysts.
In Europe, sales rose 0.8 percent as more customers ate at
its restaurants in the UK, France and Russia.
McDonald's said sales in Asia Pacific region, the Middle
East and Africa fell 2.8 percent, mainly due to negative results
in Japan. The company did not elaborate on its Japan
McDonald's has been reporting weak sales in Japan for the
past six months.
The Oakbrook, Illinois-based company's shares fell 0.3
percent to $97.14 at the opening on the New York Stock Exchange.
(Reporting by Siddharth Cavale in Bangalore; Editing by Kirti