McDonald’s global same-store sales rise 3.7% in August
Oak Brook, Ill. — McDonald’s Corp. reported Tuesday that same-store sales overall increased 3.7% in the month of August.
By segment, same-store sales rose 3% in the U.S., 3.1% in Europe, and a hearty 5.7% in Asia/Pacific, Middle East and Africa.
Systemwide sales for the month increased 1.2%.
Walmex same-store sales rose 4.1% in August, beating Street
Mexico City — Wal-Mart Stores’ Mexican arm Wal-Mart de Mexico reported Monday that same-store sales for the month of August rose 4.1%, beating analysts’ expected 2.8% increase.
The retailer, which is being investigated for bribery to expedite store openings, projects improved results for the second half of the year.
Orchard Supply swings to loss in Q2; on track with opening/remodeling program
San Jose, Calif. — Orchard Supply Hardware Stores Corp. reported Tuesday a loss of $26.7 million for the quarter ended July 28, compared with net income of $3.9 million in the year-ago period. The results include write-offs and charges related to real estate sale-leaseback transactions.
Sales dipped to $194.1 million from $196.4 million, and same-store sales edged up 0.9%.
According to Mark Baker, president and CEO, Orchard Supply is on track to open three stores in fiscal 2012, as well as remodel six. He expects to have 12 new and remodeled locations operating under a new format by the end of fiscal 2012.