McDonald’s global comparable sales jump

The fast food giant has announced results for the 2016 fourth quarter.

According to a report by QSR Media, global comparable sales for the fourth quarter increased 2.7 percent.

For the full year, global comparable sales grew 3.8 percent, including positive comparable sales across all segments.

"For McDonald's, 2016 was a year of purposeful change as we focused on the key elements of our turnaround plan – strengthening our business to drive long-term sustainable growth by sharpening our focus on our customers, right-sizing our structure and putting the right talent in place to lead the company into the future,” said Steve Easterbrook, president and CEO.

“I'm confident that we are well-positioned to transition to a longer-term focus in 2017. Our refranchising efforts and financial discipline will enable us to direct our capital and general and administrative resources towards new strategic opportunities to deliver on our long-term strategy."