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Oct20
McDonald's Earnings Up 15 Percent
The world's largest restaurant company, McDonald's Corp. (MCD) has reported a 15 percent increase in third-quarter profits, which beat expected forecasts it presented last week.

The company has seen turnarounds in the United States over the last three years and due to new marketing efforts in Britain has seen improvements in Europe as well.

Third-quarter revenue was $5.88 billion including global sales at restaurants open at least 13 months, which rose 5.8 percent.

Investors should be comforted by 41 straight months of positive comparable sales and with the outlook good for continued sales due to new menu items, cashless payments, and extended hours of operation.

Know More about investments at GrowYourFunds.com.

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« Sony Gets Ready For Video Game Console Battle | Main | Nokia and Ericsson Post Earnings Below Expectations »

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