|
Shares of the world's biggest restaurant chain by sales rose 6.5
percent in premarket trading on Thursday.
McDonald's said on Thursday that its global same-restaurant
sales rose 4 percent in the third quarter. Analysts had expected
a much modest rise of 1.9 percent, according to research firm
Consensus Metrix.
A food safety scandal in China, where a supplier was found to
have used expired meat, hammered sales in that market since the
scandal was exposed in July 2014.
McDonald's, however, said sales have now recovered in the
region, driven by value meals and breakfast items.
In the United States, comparable sales rose 0.9 percent, its
first increase in two years, helped by the sales of its new
Premium Buttermilk Crispy Chicken Deluxe sandwich and breakfast
items such as the Egg McMuffin.
Net income rose to $1.31 billion, or $1.40 per share, in the
quarter ended Sept. 30 from $1.07 billion, or $1.09 per share, a
year earlier.
Revenue fell 5.3 percent to $6.62 billion.
Excluding items the company earned $1.40 per share.
Analysts on average had expected a profit of $1.27 per share and
revenue of $6.41 billion, according to Thomson Reuters I/B/E/S.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by
Kirti Pandey and Anil D'Silva)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
