Global sales growth boosts McDonald's 2Q profit
July 22, 2011
by Meat&Poultry Staff
OAK BROOK, Ill. — During the second quarter, net income at McDonald’s Corp. increased 15 percent during the second quarter, boosted by strong sales throughout the world.
For the quarter ended June 30, the company had income of $1,410.2 million, equal to $1.35 per share on the common stock, up 15 percent from $1,225.8 million, or $1.13 per share, during the same quarter of the previous year. Total revenue for the quarter was $6,905.4 million, up 16 percent from $5,945.5 million during the same quarter of the previous year.
For the six months ended June 30, the company had income of $2,619.2 million, or $2.49 per share, up 13 percent from $2,315.6 million, or $2.13 per share, during the same period of the previous year. Total revenue for the period was $13,017 million, up 13 percent from $11,555.6 million during the same period of the previous year.
“McDonald’s ongoing momentum reflects our commitment to the customer,” said Jim Skinner, CEO. “By providing relevant food and beverage choices in convenient, modern restaurants, we’re giving customers more reasons to visit us more often. McDonald’s global results for the quarter demonstrate the resilience of our Plan to Win and our ability to execute successfully. Comparable sales and guest count increases across all segments, highlighted by June’s strong results, drove double-digit operating income and earnings per share growth.”