Business Irish

Saturday 17 August 2019

McDonald's boss hails record-breaking month

Stock photo: PA
Stock photo: PA
Ellie Donnelly

Ellie Donnelly

McDonald's Ireland has reported a "very strong" start to 2019, with good first quarter sales and an increase in customer numbers.

McDonald's UK and Ireland CEO Paul Pomroy said March "broke all records".

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"We are clear that alongside our franchisees, we need to maintain investment to succeed," Mr Pomroy said.

"Customers tell us they want choice, value, convenience, so this continues to be our focus."

Overall, McDonald's group reported a 2pc fall in operating income to $2bn (€1.8bn) in the three months to March 31, according to a trading update from the group. Its revenue fell 4pc to $4.9bn, however, global sales increased 5.4pc, reflecting strong comparable sales across all segments.

"Two years into the Velocity Growth Plan, our sustained performance gives us confidence that our strategy is working, as more customers are experiencing a better McDonald's every day," said McDonald's president and CEO Steve Easterbrook.

During the period the company returned $1.9bn to shareholders through share buybacks and dividends.

Irish Independent

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