Thursday, October 21, 2010

MCD 3Q earnings

McDonald's Corp. posted 3Q earnings today, beating analyst estimates. For the three months ending Sept. 30, McDonald's earned $1.39 billion, or $1.29 per share, up from $1.26 billion or $1.15 per share last year. The company had heavy sales with it's frappes, fruit smoothies, and items on the dollar menu. The posted earnings pushed the stock price past it's 52-week high, hiting $79.48. This marks another continuous quarter of MCD outperforming competitors, Burger King and Wedny's. Unlike its competitors, MCD has launched popular items like the Angus Snack Wrap, frappees and smoothies, and is expected to sell oatmeal to go, available all day long. Sales at stores globally that have been open longer than 13 months had average increase of 6%.


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