McDonald's Sales Jump 5.9%, Expects Strong Quarterly Profit |
| Wall Street Journal - Oct 12, 2007 |
McDonald's Corp. said Friday that same-store sales grew 5.9% in September and projected third-quarter earnings above analysts' expectations.
Earnings are projected to be 89 cents a share, which includes a six-cent gain from the sale of Boston Market. Analysts' mean estimate was for per-share earnings of 77 cents, according to a poll by Thomson Financial.
The forecast also includes a four cents-a-share expense related to a Latin America license and a four-cent tax benefit.
Last month's same-store-sales growth was slower than the 7.7% pace a year earlier. McDonald's said sales last month benefited from its prices, menu choice and compelling marketing. For the quarter, same-store sales rose 6.9%.
Read Full Article from Wall Street Journal
- Posted: 2007-10-12 10:29:21
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
