McDonalds income up 6% in 2009
January 22, 2010
by Meat&Poultry Staff
OAK BROOK, ILL. — With the help of global comparable sales growth, net income for McDonald’s Corp. during 2009 was up 6%.
For the year ended Dec. 31, the company had an income of $4,551 million, equal to $4.11 per share on the common stock, which compared with an income of $4,313.2 million, equal to $3.76 per share, during the previous year. Revenue for the year was $22,744.7 million, down 3% from $23,522.4 million during the previous year.
“McDonald’s 2009 results reflect the broad-based strength of our global business,” said Jim Skinner, chief executive officer. “Our in-demand food and beverages, unparalleled convenience and superior value at every level of our menu enabled us to serve 60 million customers per day in 2009, up 2 million per day over the prior year. In addition, McDonald’s profitability increased as we marked our sixth consecutive year of positive comparable sales in every geographic segment and generated higher global revenues, operating income and earnings per share in constant currencies — all tremendous accomplishments give the tough global economy.”
For the quarter ended Dec. 31, the company had an income of $1,216.8 million, equal to $1.11 per share, up 23% from $985.3 million, equal to 87c per share, during the same quarter of the previous year. Revenue for the quarter was $5,973.4 million, up 7% from $5,565 million during the same quarter of the previous year.