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McDonald’s Q3 earnings rise 12% on strong global sales
McDonald’s Corporation has announced strong results for the third quarter, driven by growth across all areas of the world.
“McDonald’s customer focus, menu innovation and the ongoing modernisation of our restaurants continue to drive our business momentum,” said chief executive officer Jim Skinner.
“For the third quarter, we grew comparable sales and customer visits around the world and delivered increased profitability. As we continue to invest in our business and extend the McDonald’s brand, I am confident that we will create even more ways to satisfy consumers looking for high quality, great tasting food that’s convenient and affordable.”
The company reported the following highlights for the quarter:
- Global comparable sales increased 6.0%, with the U.S. up 5.3%, Europe up 4.1% and Asia/Pacific, Middle East and Africa up 8.1%;
- Consolidated operating income increased 8% (11% in constant currencies) over the prior year;
- Diluted earnings per share were $1.29, up 12% (15% in constant currencies) over the prior year;
- Returned $1.4 billion to shareholders through share repurchases and dividends.
Source: McDonald’s
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