Local menu options and expanded convenience through breakfast and extended hours continue to support the segment's performance. The factors that could cause actual results to differ materially from our expectations are detailed in the Company's filings with the Securities and Exchange Commission, such as its annual and quarterly reports and current reports on Form 8-K. This is largely due to a combination of lost sales, expenses associated with our recovery efforts and the impact of these items on the third quarter tax rate, which is expected to be above the Company's outlook for the full-year tax rate of 31-33%. McDonald's Europe is taking a holistic approach to building customer demand with a combination of compelling limited-time menu choices and expansion of the breakfast daypart and blended-ice beverages. Management reviews and analyzes business results excluding the effect of foreign currency translation and bases incentive compensation plans on these results because they believe this better represents the Company's underlying business trends.
Eastern Time on November 19, 2014. While franchised sales are not recorded as revenues by the Company, management believes the information is important in understanding the Company's financial performance because these sales are the basis on which the Company calculates and records franchised revenues and are indicative of the financial health of the franchisee base. Retrieved September 11, 2021. Some of the reasons restaurants may be temporarily closed include reimaging or remodeling, rebuilding, road construction and natural disasters. Systemwide sales for the month decreased 2. When the base closed in 1995, the restaurant was required to do likewise. Retrieved February 1, 2017.
Although October results reflect our current business challenges, we are moving with a sense of urgency to improve the trajectory of our financial performance while taking the actions necessary to pursue the Brand's long-term potential. Retrieved June 14, 2006. Retrieved February 1, 2017. Management reviews and analyzes business results excluding the effect of foreign currency translation and bases incentive compensation plans on these results because they believe this better represents the Company's underlying business trends. The factors that could cause actual results to differ materially from our expectations are detailed in the Company's filings with the Securities and Exchange Commission, such as its annual and quarterly reports and current reports on Form 8-K. McDonald's would close its operation in the country in November 2022 due to local supplies issues.
Majority of the company's restaurant worldwide are owned and operated by independent local business men as well as women. McDonald's is trying to reenter the Bolivian market, but with no success so far. See 6 May 30, 1971 1,000 source: McDonald's December 21, 2020 26,739 First outlet in 7 territory of United States June 10, 1971 6 source: Statista 2016 27,372 First outlet in 8 July 21, 1971 2,900 source: McDonald's Japan 2021 43,266 First outlet in 9 August 21, 1971 254 source: McDonald's 2019 69,714 This was the first outlet in Europe. Internationally licensed markets also fell 10. While the menu and equipment remains the same, most of the trademarks were dropped. Retrieved February 9, 2021. This webcast will be broadcast live and available for replay for a limited time thereafter at About McDonald's McDonald's is the world's leading global foodservice retailer with over 35,000 locations serving approximately 70 million customers in over 100 countries each day.
© 2022 Fortune Media IP Limited. Comparable sales are driven by changes in guest counts and average check, which is affected by changes in pricing and product mix. Retrieved May 21, 2018. These initiatives are designed to better address consumer preferences and the competitive dynamics of the local markets in which we compete by bringing decision making closer to our customers. Convenience initiatives, enhanced value offerings and McDonald's menu variety contributed to the segment's monthly performance.
About McDonald's McDonald's is the world's leading global foodservice retailer with over 35,000 locations serving approximately 70 million customers in over 100 countries each day. Reporting by Nivedita Balu in Bengaluru and Hilary Russ in New York; Editing by Bernard Orr. Retrieved February 1, 2017. The markets affected by the supplier issue are actively executing multi-faceted initiatives to restore customer trust in the McDonald's brand while the broader APMEA segment is pursuing long-term opportunities to drive customer traffic and loyalty with unique menu, affordability and convenience options. Some of the reasons restaurants may be temporarily closed include reimaging or remodeling, rebuilding, road construction and natural disasters. Forward-Looking Statements This release contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. While franchised sales are not recorded as revenues by the Company, management believes the information is important in understanding the Company's financial performance because these sales are the basis on which the Company calculates and records franchised revenues and are indicative of the financial health of the franchisee base.
Systemwide sales for the month increased 2. Comparable sales exclude the impact of currency translation. Forward-Looking Statements This release contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. Forward-Looking Statements This release contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. The segment remains unchanged despite the new organizational structure. Global results were driven by positive momentum in the United States, where same-store sales rose 4. This presentation will be webcast live and available for replay for a limited time thereafter at McDonald's Annual Shareholders' Meeting will be webcast live on May 22, 2014 at 8:00 a.
Retrieved July 29, 2020. Retrieved December 16, 2018. These forward-looking statements involve a number of risks and uncertainties. Systemwide sales for the month decreased 3. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. The company said about 96% of its restaurants were operating with drive-thru, delivery or reduced seating capacity. Comparable sales are driven by changes in guest counts and average check, which is affected by changes in pricing and product mix.
Central Time on May 16, 2014. However, sales lagged in France, Spain, Germany and the UK. In addition, the timing of holidays can impact comparable sales. About McDonald's McDonald's is the world's leading global foodservice retailer with over 35,000 locations serving approximately 70 million customers in over 100 countries each day. These factors, along with the significant weakening of the euro and Russian ruble, negatively impacted the segment's reported systemwide sales. More than 80% of McDonald's restaurants worldwide are owned and operated by independent local business men and women. Retrieved June 23, 2017.
While franchised sales are not recorded as revenues by the Company, management believes the information is important in understanding the Company's financial performance because these sales are the basis on which the Company calculates and records franchised revenues and are indicative of the financial health of the franchisee base. The resulting adjustment varied by area of the world, ranging from approximately 0. Upcoming Communications McDonald's tentatively plans to release third quarter results before the market opens on October 21, 2014 and will host an investor webcast. Meanwhile, the chain says 96% of its global restaurants are open again, with 99% operating at home. Retrieved November 1, 2019.