Saturday, October 20, 2012

McDonald's profits fall strong .


McDonald's said that sales at stores open at least 13 months rose 1.9% across the group as a whole, below analysts' expectations of a 2% increase.
In the US, sales grew by 1.2%, but operating income fell by 1%.
In Europe, underlying sales were up 1.8%. Operating income fell 7%, but if the impact of the dollar is stripped out it rose 3%. The stronger dollar means international sales are worth less when profits are repatriated.

Sales across the Middle East, Africa and the Asia-Pacific region grew by 1.4% as footfall rose, helped by solid trading in China and Australia.
Chief executive Don Thompson said that while sales would carry on experiencing pressure, the company saw "significant long-term opportunities" for its brand and remained "confident in the underlying strength of our business model".

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