It has been a strong quarter for McDonald. It marks the 7th consecutive quarter that McDonalds have posted positive compare sales across all segments.CEO Jim Skinner mentioned that the growth was drivien by “offering menu innovations and everyday conveniences that address the needs of our on-the-go customers, we are keeping our brand relevant and in demand”.
Key highlights for the quarter include:
* Global comparable sales increased 6.9%
* Growth in consolidated Company-operated and franchised restaurant margins for the seventh consecutive quarter
* Consolidated operating income increased 18% (13% in constant currencies)
* Earnings per share increased 31% to $0.89. This includes $0.83 per share from continuing operations (a 22% increase compared with the prior year) and an after-tax gain in discontinued operations of $0.06 per share from the sale of Boston Market
* The Company repurchased $927 million of its stock
To read the full story of the results click here.
Tags: Restaurant Supplies News
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