Talk Stock Trading’s Loving That McDonald’s
(FranchisePick.Com) Over at b5’s Talk Stock Trading blog, Profsilver is lovin’ that McDonald’s:
McDonald’s reported profits of $1.19 billion on revenue of $6.08 billion, both figures well above the consensus of analyst expectations of $985 million and $5.92 billion, respectively.
Domestically speaking, the fast-food giant has benefited from new menu items and longer hours, as well as tough economic conditions. McDonald’s provides a relatively cheap alternative to other dining out options.
On the international scene, McDonald’s execs reported ”double digit operating income growth” in Europe, Asia, Africa and the Middle East.
Everybody loves to bash McDonald’s, but they keep pulling in the drive thru, don’t they?
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