McDonald´s announces strong operating results

Oak Brook / IL. (mdc) McDonald´s Corporation announced strong operating results for the second quarter fueled by comparable sales growth. Quarterly highlights included:

• Revenues increased twelve percent (eight percent in constant currencies) driven by a global comparable sales increase of 7,4 percent.
• Company-operated and franchised restaurant margins improved for the sixth consecutive quarter.
• Results for the quarter reflected the impact of the previously announced developmental license transaction in 18 countries in Latin America and the Caribbean, which resulted in a net loss per share of 0,60 USD. Excluding the 1,31 USD per share impact of this transaction, second quarter 2007 earnings per share from continuing operations were 0,71 USD. Second quarter 2006 earnings per share from continuing operations were 0,56 USD.
• The Company repurchased 664 million USD of its stock.

Chief Executive Officer Jim Skinner commented, «We continue to increase our relevance to busy consumers by delivering choice, variety and convenience that our customers have come to expect from McDonald’s. We are driving operating results with enduring base-line business momentum. In the second quarter, we increased visit frequency and profitability with our best quarterly comparable sales result since 2004. Our business around the world is strong, and the energy, alignment and commitment behind enhancing the McDonald’s brand have never been better».
Read more: https://www.mcdonalds.com/corp/news/fnpr/2007/fpr_072407.html