News from United States Cellular steals the spotlight from April sales numbers.
MCD released global comparable store sales numbers this morning and, overall, the numbers beat Street expectations. The results fell in line with our “NEUTRAL” ranges in the U.S. and APMEA, with the Europe sales number implying a sequential improvement in two-year trends.
However, the most pressing news for McDonald’s this morning came from United States Cellular (USM), which named Mary Dillon as President and CEO. Dillon is joining U.S. Cellular from McDonald’s Corp., where she was Global Chief Marking Officer and Executive Vice President. What is most telling about this announcement is that there was no press release from McDonald’s side announcing Dillon’s departure. At the time of writing, there is still no announcement from her former employers. Dillon joined McDonald’s in 2005.
Howard Penney
Managing Director
