McDonald's will pursue additional growth by intensifying its focus on building sales at existing restaurants, improving the customer experience, expanding the ways in which it serves customers and adding restaurants, Greenburg said. If exchange rates stay where they are, we expect foreign currency to negatively impact our reported 2001 earnings per share by about one cent. We expect the first quarter to be very challenging, due to outstanding results and an extra trading day in 2000, and continuing consumer confidence issues about European beef, Greenburg said. We will continue our share repurchase program in 2001, as we believe it is the best use of our free cash flow and credit capacity. McDonald's operates primarily in the quick-service restaurant business.
Systemwide sales represent sales by company-operated, franchised and affiliated restaurants.
Total revenues include sales by company-operated restaurants and fees from restaurants operated by franchisees and affiliates. These fees include rent, service fees and royalties that are based on a percent of sales, with specified minimum payments along with initial fees. U.S. sales increased 3 percent for the year. Inc. Please read our legal page before using this site.