McDonald’s numbers for 2006, and especially the fourth quarter, were extraordinary.
In the last quarter of the year, revenue rose 11% to $5.634 billion. Income from continuing operations was up 26% to $761 million. In the US, McDonald’s (MCD) now has had four straight years of continued increases in same-store sales and profits.
Although revenue was a tiny bit short of Wall St. estimates, the larger question is how long McDonald’s can keep it up. Perhaps forever. The company will put $1.8 billion into the opening of 800 new restaurants in 2007.
With its stock up from under $32 to $45 over the last year, those stores better pay off.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Sponsored: Want to Retire Early? Start Here
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
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 you build your plan to retire early. 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.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
