McDonalds Continues Its Gains (MCD)
October 12, 2007 by Douglas A. McIntyreMcDonald’s (NYSE:MCD) is on a mission. The company has just raised guidance yet again with projections of $0.83 EPS versus $0.77 estimates.
This does not include gains from the sale of Boston market but it does include currency gains that added $0.03 to operations and growth in other operating income added $0.02. Its US same-store-sales were up 3.5% in September, Europe up 5.7%, and Asia/Pacific/MiddleEast/Africa up 12%. Its system-wide sales in Spetember were up 11.5%, but noted as 7.2% in constant currency.
McDonald’s shares were originally up about 1.5% pre-market, but shares are up right at 1% now at $56.85 in pre-market activity.
Jon C. Ogg
October 12, 2007
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