Mind-blowing
By Jamie L.

> Fast food giant McDonald's has seen its quarterly profits soar 15% on higher sales across all its global regions.

Its net profit for the three months to 30 June totalled to $1.41bn (£866m), contrasted with $1.23bn a year earlier.

Income growth was led by Europe, where McDonald's same store sales raised by 5.9%. They increased by 4.5% in US, and by 5.2% for the rest of the world.

Group-wide incomes totalled $6.91bn, up 16% from $5.95bn a year ago.

McDonald's chief executive Jim Skinner said the latest result showed the company's resilience in the face of "the continuing challenges of our economic environment".

The company said the cost of most of its ingredients in the US and Europe was continuing to rise between 4% and 4.5% on an annual basis as food price inflation remains high.
Labels: , edit post
0 Responses

Post a Comment