Global sales growth boosts McDonald's profit
July 22, 2011
OAK BROOK, ILL. — Net income at McDonald’s Corp. rose 15% during the second quarter, boosted by strong sales across 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% 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% from $5,945.5 million during the same quarter of the previous year.
“McDonald’s ongoing momentum reflects our commitment to the customer,” said Jim Skinner, chief executive officer. “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.”
For the six months ended June 30 the company had income of $2,619.2 million, or $2.49 per share, up 13% 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% from $11,555.6 million during the same period of the previous year.