McDonald's third quarter earnings up, revenues down

by Bryan Salvage
Share This:

OAK BROOK, ILL. — For the third quarter ended Sept. 30, McDonald's Corporation net income was up 6%, compared to the third quarter last year, to $1.261 billion. Earnings per share was $1.15, a 10% increase over the same quarter last year; consolidated operating income increased 6% over the third quarter of 2008; but revenues slipped 4% to $6.047 billion from $6.267 billion in the third quarter of 2008.

The continuing appeal of McDonald's core menu along with favorable consumer response to the new premium Angus Third Pounders and McCafe espresso-based coffees fueled the U.S. results, said Jim Skinner, McDonald's chief executive officer.

"We begin the fourth quarter from a position of strength, and I am confident that our focus on the customer and commitment to financial discipline will continue to deliver long-term profitable growth for our System and our shareholders," he added. "For October, despite a declining informal eating-out market around the world, we expect consolidated comparable sales to remain positive."






Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Meat and Poultry News do not reflect those of Meat and Poultry News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.