McD posts strong results despite weak economy

OAK BROOK Ill. Reiterating that McDonald's continues to be recession-resistant because of its lower prices, executives at the world's largest quick-service hamburger chain reported on Wednesday an 11-percent jump in third-quarter net income, aided by its largest quarterly U.S. sales increase so far this year.

For the quarter ended Sept. 30, corporate net income rose to $1.19 billion, or $1.05 per share, compared with year-ago earnings of $1.07 billion, or 89 c

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish