Good Eats At McDonald’s (MCD)

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McDonald’s (MCD) had a blow-out quarter.

Global comparable sales increased 7.4%, Revenue rose 6% to $5.615 billion. Operating income was up 24% to $1.463 billion.

Earnings per share were $0.81, up 31% versus $0.62 in 2007, and included $0.05 per share of currency benefit.

For the quarter, Europe and Asia/Pacific, Middle East and Africa both delivered double-digit revenue and operating income growth. Europe’s revenues rose 23%.

McDonald’s U.S. delivered solid quarterly results with comparable sales up 2.9% and operating income increasing 5%

Douglas A. McIntyre