OAK BROOK, ILL. —McDonald’s Corp. reported Jan. 24 its strongest financial results in 30 years, cementing the company’s operational, menu and marketing turnaround. Fourth-quarter profit more than doubled from a year earlier to $1.24 billion, or $1 per share, on gains from the Chipotle spinoff and strong global sales.
“We begin 2007 from a position of strength, and I am confident we will continue to deliver sustained profitable growth well into the future,” McDonald’s chief executive Jim Skinner said in a statement. —McDonald’s Corp. reported Jan. 24 its strongest financial results in 30 years, cementing the company’s operational, menu and marketing turnaround. Fourth-quarter profit more than doubled from a year earlier to $1.24 billion, or $1 per share, on gains from the Chipotle spinoff and strong global sales.
Earnings were in line with preliminary results released the week of Jan. 15. Per-share profit from continuing operations, which excludes the 39-cents-per-share gain from the Chipotle spinoff, totaled 61 cents, an increase of 30 percent from the prior year’s fourth quarter. —McDonald’s Corp. reported Jan. 24 its strongest financial results in 30 years, cementing the company’s operational, menu and marketing turnaround. Fourth-quarter profit more than doubled from a year earlier to $1.24 billion, or $1 per share, on gains from the Chipotle spinoff and strong global sales.
Corporate revenues for the quarter ended Dec. 31 rose 11 percent to $5.63 billion. Global same-store sales increased 6.3 percent, aided by sales of breakfast and the Snack Wrap in the United States and by the Monopoly promotion in Germany. —McDonald’s Corp. reported Jan. 24 its strongest financial results in 30 years, cementing the company’s operational, menu and marketing turnaround. Fourth-quarter profit more than doubled from a year earlier to $1.24 billion, or $1 per share, on gains from the Chipotle spinoff and strong global sales.
“McDonald’s continues to prove its ability to innovate and market effectively in a competitive but healthy QSR segment,” said Andrew M. Barish, analyst at Banc of America Securities LLC in San Francisco. —McDonald’s Corp. reported Jan. 24 its strongest financial results in 30 years, cementing the company’s operational, menu and marketing turnaround. Fourth-quarter profit more than doubled from a year earlier to $1.24 billion, or $1 per share, on gains from the Chipotle spinoff and strong global sales.
Same-store sales at domestic restaurants rose 5.9 percent for the fourth quarter and 5.2 percent for the full year. In Europe, same-store sales surged 7.3 percent for the quarter and 5.8 percent for the year, the highest annual same-store sales gain in almost 15 years, McDonald’s said. —McDonald’s Corp. reported Jan. 24 its strongest financial results in 30 years, cementing the company’s operational, menu and marketing turnaround. Fourth-quarter profit more than doubled from a year earlier to $1.24 billion, or $1 per share, on gains from the Chipotle spinoff and strong global sales.
For the full year ended Dec. 31, McDonald’s earned $3.54 billion, or $2.83 per share, versus profit of $2.60 billion, or $2.04 per share, in fiscal 2005. Revenues rose 9 percent to $21.60 billion. Global same-store sales increased 5.7 percent. —McDonald’s Corp. reported Jan. 24 its strongest financial results in 30 years, cementing the company’s operational, menu and marketing turnaround. Fourth-quarter profit more than doubled from a year earlier to $1.24 billion, or $1 per share, on gains from the Chipotle spinoff and strong global sales.
—McDonald’s Corp. reported Jan. 24 its strongest financial results in 30 years, cementing the company’s operational, menu and marketing turnaround. Fourth-quarter profit more than doubled from a year earlier to $1.24 billion, or $1 per share, on gains from the Chipotle spinoff and strong global sales.