McDonald’s Corporation (NYSE:MCD) announced Monday its worldwide comparable sales rose 2.4% in November. In the US, same-store sales increased 2.5% for the month. Europe enhanced 1.4%, while Asia/Pacific, Middle East and Africa added 0.6%.
McDonald’s Chief Executive Officer Don Thompson commented the restaurant chain is, strengthening their focus on the international priorities that are most impactful to their customers, optimizing their menu, updating the customer experience and broadening convenience to their brand to move their business forward amid today’s broad-based economic and competitive environment. [article_detail_ad_1]
In the US, the firm reported that its results benefited from its breakfast sales together with its everyday value offerings and its Cheddar Bacon Onion sandwich.
On the other hand, Rite Aid Corporation (NYSE:RAD) same-store sales declined 3% during November as the drugstore operator was harmed by temporary store closures due to superstorm Sandy and its consequences, as well as influences from generic drug introductions.
The company, for the fiscal Q3 closed December 1, announced same-store sales declined 1.5%, as a 2.7% drop in pharmacy same-store sales counterbalance 1.1% same-store sales development in the front of the store. Same-store prescription counts increased 3.6%.
Another firm, Casey’s General Stores, Inc. (NASDAQ:CASY), reported Monday that its net income declined almost 13% in its fiscal Q2 on inferior sales of gasoline, groceries and cigarettes.
Casey’s earned $32.9 million, or 85 cents per share, in the quarter that closed October 31. That compares with $37.6 million, or 98 cents per share, in the same period a year earlier.
The firm stated that same-store sales of gasoline dropped 0.4%. Groceries and other merchandise fell 0.7%. CEO Robert J. Myers told in a statement that cigarette sales were harmed by competitive pricing and a rise in an Illinois state excise tax.
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