McDonald’s: Cheap Eats Win Again
April 21, 2010 by Douglas A. McIntyre
The appeal of McDonald’s (NYSE: MCD) cheap, quality food can never be underestimated even as the economy emerges for a recession that drives people to inexpensive restaurants.
Revenue at the fast food company rose 10% in the first quarter to $5.6 billion. Stringent cost controls helped by special operating items moved the firm’s operating income up 20% to $1.64 billion.
Global comparable sales increased 4.2%, with the U.S. up 1.5%, Europe up 5.2% and Asia/Pacific, Middle East and Africa up 5.7%. The number of obese people in America must have hit a saturation point.
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.