McDonald's Global Same-restaurant Sales Down 0.6% In April

McDonald's Corp. said Friday that global comparable sales fell 0.6% in April, as the U.S., Asia/Pacific, Middle East and Africa posted declines. U.S. comparable sales fell 2.3%, while APMEA was down 3.8%. In Europe, comparable sales rose 1.0%, as strength in the U.K. and Germany were partly offset by weakness in France and Russia. In APMEA, weakness in Japan overshadowed strength in Australia and elsewhere. McDonald's earlier this week unveiled a turnaround plan, that disappointed many by failing to focus on food and menu items. Shares were flat in premarket trade, but are up 3.3% in the year so far, while the Dow Jones Industrial Average is up 0.3%.

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