McDonald's
Mickey D's same-store sales fired upward by 7.7% during the month. It even managed an increase in the beleaguered U.S. market, up 4.3%. Overseas comps helped, though, with Europe's same-store sales surging 9.6%, and its Asia/Pacific, Middle East, and Africa segment's comps up 9.7%.
Systemwide total sales increased 16%, or 9.1% in constant currencies. It was also helpful that this month included one more Friday and Sunday, and one fewer Tuesday and Wednesday, than May 2007.
Still, the results were darn tasty (in fact, better than analysts had expected). Other companies' problems in this difficult time for the American consumer have been well-reported. Starbucks
It's just harder for many of these companies to do well than it was a couple of years ago, when eating out was simply second nature and people weren't so concerned about home prices, gas prices, grocery prices, etc.
Like its former unit, Chipotle Mexican Grill
Take a bite of some related Foolishness:
- I thought it was a good time to bag that smokin' burrito stock, Chipotle, in April.
- Burger feast or burger famine?
- McDonald's was still smokin' hot in March, too.