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McDonald’s Japan sales up 2 percent in Jan.-June

The fast food chain saw brisk drive-through, take-out and delivery sales in the first half of the current business year, amid the spread of the novel coronavirus. (AFP)
The fast food chain saw brisk drive-through, take-out and delivery sales in the first half of the current business year, amid the spread of the novel coronavirus. (AFP)
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13 Aug 2020 01:08:33 GMT9
13 Aug 2020 01:08:33 GMT9

TOKYO: McDonald’s Holdings Co. (Japan) said Wednesday its January-June sales rose 2.0 percent from a year earlier to 139.2 billion yen.

The fast food chain saw brisk drive-through, take-out and delivery sales in the first half of the current business year, amid the spread of the novel coronavirus.

Operating profit grew 0.7 percent to 14.7 billion yen, while net profit dropped 4.9 percent to 9.1 billion yen due to a rise in costs for store refurbishments and relocations.

In particular, drive-through sales accounted for about half of total sales in April-May, when McDonald’s suspended its dine-in service in response to the government’s state of emergency declaration over the coronavirus pandemic.

Per-customer sales in April-June on a same-store basis grew more than 30 percent, thanks to bulk purchases by drive-through customers for eating at home with their family members.

Full-year earnings projections were left unchanged.

Speaking in an online press conference, Atsuo Shimodaira, executive vice president of the company, said that shorter summer breaks than usual for students may negatively affect sales in the second half.

He expressed intention of closely monitoring any changes in customer behavior amid consumers increasingly becoming budget-conscious in the coronavirus crisis.

JIJI Press

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