McDonald's: Incremental improvements to drive growth

October 23, 2011
McDonald’s Corp. is eyeing opportunities to gain global market share by continuing to optimize its menu, updating restaurants and expanding tiered value and premium-item promotions, executives told analysts in a call following the company’s third-quarter earnings report.

Net income rose 9 percent and global same-store sales increased 5 percent for the quick-service chain of more than 33,000 global restaurants, during a quarter in which commodity inflation pressured margins significantly.

Officials remain confident in the fourth quarter and going into 2012, said chief executive Jim Skinner.

“The [worldwide] informal-eating-out industry is growing at a slow pace, so we continue to be in a market share battle,” Skinner said. “Any victories will continue to be hard-won.”
Like to receive news like this by email? Join and Subscribe!
Join Our Telegram Channel for regular updates!
Sponsored Content
NanoNord - Leaderboard - 20240924

Highlighted Company

Sponsored Content

Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content

Where

Sponsored Content