Tags: Earns | McDonalds

McDonald's Net Income Jumps 10 Percent, Tops Estimates

Thursday, 21 Oct 2010 08:27 AM

McDonald's frappes, smoothies and dollar menu drew in more customers in the third quarter, pushing the world's largest burger chain's net income up 10 percent.

The company says it earned $1.39 billion, or $1.29 per share, in the quarter ending Sept. 30, up from $1.26 billion or $1.15 per share last year.

Revenue rose 4.3 percent to $6.3 billion.

Analysts expected the company to earn $1.25 per share on revenue of $6.23 billion.

Revenue at stores around the world open at least 13 months rose 6 percent, led by 8.1 percent growth in Africa, Asia/Pacific and the Middle East. In the U.S. the figure rose 5 percent, while in Europe it rose 4.1 percent.

The figure is important for restaurants because it measures growth at existing locations.

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McDonald's frappes, smoothies and dollar menu drew in more customers in the third quarter, pushing the world's largest burger chain's net income up 10 percent.The company says it earned $1.39 billion, or $1.29 per share, in the quarter ending Sept. 30, up from $1.26 billion...
Earns,McDonalds
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2010-27-21
Thursday, 21 Oct 2010 08:27 AM
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