McDonald's 4Q results beat expectations

0 Comment(s)Print E-mail Xinhua, January 24, 2013
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McDonald's Corp. announced Wednesday that its fourth-quarter net income rose 1 percent to 1.4 billion dollars or 1.38 dollars per share, better than market had expected.

Its revenue increased 2 percent to 6.95 billion dollars and global same-store sales increased 0.1 percent, also beating market expectations.

In the United States, the world's largest restaurant company reported same store sales up 0.3 percent, thanks to its re- emphasized value menu and "compelling premium options."

However, the company's same store sales declined 0.3 percent in Europe, and 1.7 percent in its Asia Pacific, Middle East and Africa division.

In 2012, McDonald's same store sales rose 3.1 percent as revenues rose 2 percent to 27.57 billion dollars.

The Oak Brook-based burger giant reported its first monthly same store sales declined in October in more than nine years, leading to a change in its U.S. leadership. Endi

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