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Last Update: 21-Oct-11 10:49 ET
McDonald's Tops Third Quarter Expectations
McDonald's (MCD $91.52 +2.51) reported third quarter earnings of $1.45 per share, $0.02 better than the Capital IQ Consensus Estimate of $1.43.
Revenues rose 13.7% year/year to $7.17 billion versus the $7.04 bln consensus.
Global comparable sales increased 5.0%, with the U.S. up 4.4%, Europe up 4.9% and Asia/Pacific, Middle East and Africa up 3.4% Consolidated operating income increased 14% (8% in constant currencies).
In Europe had s 15% (6% in constant currencies) rise in operating income. France, Russia, Germany and the U.K. led the segment's sales and operating income growth. Asia/Pacific, Middle East and Africa (APMEA) generated positive comparable sales and guest count growth across most markets, somewhat offset by Japan, against robust prior year results.
For the quarter, APMEA's operating income grew 26% (15% in constant currencies) as emphasis on daypart value offerings, unique menu options and customer conveniences continue to fuel the segment's results. Co sees Oct comps +4-5%.
Revenues rose 13.7% year/year to $7.17 billion versus the $7.04 bln consensus.
Global comparable sales increased 5.0%, with the U.S. up 4.4%, Europe up 4.9% and Asia/Pacific, Middle East and Africa up 3.4% Consolidated operating income increased 14% (8% in constant currencies).
In Europe had s 15% (6% in constant currencies) rise in operating income. France, Russia, Germany and the U.K. led the segment's sales and operating income growth. Asia/Pacific, Middle East and Africa (APMEA) generated positive comparable sales and guest count growth across most markets, somewhat offset by Japan, against robust prior year results.
For the quarter, APMEA's operating income grew 26% (15% in constant currencies) as emphasis on daypart value offerings, unique menu options and customer conveniences continue to fuel the segment's results. Co sees Oct comps +4-5%.
