McDonald’s Corporation reported today that Systemwide sales for the first four months of 2000 were $12.874 billion, a 9% increase on a constant currency basis compared with the same period last year. Information in constant currencies excludes the effect of foreign currency translation on reported results, except for hyperinflationary economies, such as Russia, whose functional currency is the U.S. Dollar.
Reported year-to-date sales increased 7% compared with the first four months of 1999. Segment details of year-to-date 2000 sales compared with the same period of 1999 are as follows:
* In the U.S., sales were $6.173 billion, a 4% increase.
* In Europe, sales were $3.111 billion, a constant currency increase of 12% and a reported increase of 2%. The reported increase was reduced significantly by the weaker Euro. At current exchange rates, the Euro would continue to have a negative impact on reported results throughout 2000.
* Asia/Pacific’s sales were $2.359 billion, a constant currency increase of 12% and a reported increase of 18%. The reported increase benefited from the stronger Japanese Yen.
* Latin America’s sales were $583.8 million, a 13% constant currency increase and an 11% reported increase.
* Sales in the Other segment were $646.8 million, a constant currency increase of 22% and a reported increase of 24%.