McDonald posts 6 pc growth in net income
Driven by robust sales, fast food restaurant McDonald has reported a six per cent growth in net income to $1.26 billion during the September quarter.business Updated: Oct 22, 2009 20:51 IST
Driven by robust sales, fast food restaurant McDonald has reported a six per cent growth in net income to $1.26 billion during the September quarter.
In the year-ago period, the company had a net income of $1.19 billion, McDonald said in a statement.
"We begin the fourth quarter from a position of strength, and I am confident that our focus on the customer and commitment to financial discipline will continue to deliver long-term profitable growth for our system and our shareholders," McDonald CEO Jim Skinner said.
The company's overall global sales increased by 3.8 per cent. In Europe, the sales grew by 5.8 per cent, in US by 2.5 per cent, while sales in Asia/Pacific, Middle East and Africa stores were up 2.2 per cent.
McDonald's revenue decreased to $6.04 billion in the quarter ended September 30, 2009, from $6.26 billion in the same quarter last fiscal.