McDonald's Ongoing Business Momentum Drives Third Quarter Results
McDonald's Ongoing Business Momentum Drives Third Quarter Results
McDonald's Corporation today announced strong operating results for the third quarter fueled by comparable sales growth. Quarterly highlights included:
- 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
Chief Executive Officer Jim Skinner commented, "Our strategic focus on building the McDonald's business by "being better not just bigger"and our global Plan to Win have combined to create enduring business momentum. 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. Third quarter marks the seventh consecutive quarter that we've posted positive comparable sales across all segments and demonstrates that our strategy is yielding results."
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