Wednesday, January 5, 2011

2010 - McDonald's Japan store sales hit record high for 5th year

Sales at McDonald's Holdings Co. (Japan) Ltd.'s own and franchise stores climbed to an all-time high in 2010 for the fifth consecutive year, rising 2 percent from a year earlier to 542.7 billion yen, according to a preliminary report released by the company Wednesday.

Business was strong partly because of brisk sales of the Big America brand of hamburgers introduced in January, McDonald's said.

But the company's President Eiko Harada warned that the restaurant industry is facing hard times ahead, the severity of which is "unforeseeable," when discussing the business outlook for this year at a press conference.

In December, sales on a same-store basis jumped 11.6 percent from a year earlier and the number of customers leapt 8.9 percent while spending per customer grew 2.5 percent.

Consolidated sales in the year ended December, consisting of sales at the company's own outlets and franchise fees, were estimated at 322 billion yen, down from 362.3 billion yen in 2009.

The company is aiming to bolster its business by broadening the lineup of Big America hamburgers this year.

http://www.breitbart.com/article.php?id=D9KI50B80&show_article=1

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