« Inflation? Maybe. Economic Downturn? No. | Main | Costco Reports Good News For Stakeholders »

Oct13
McDonald's Shows Much Improved Numbers

Ronald McDonald is looking even more gleeful these days.

McDonald's (MCD) topped market expectations Oct. 12 with a forecast that its third quarter earnings will be 17% higher, boosted by a robust performance of its new breakfast foods and stronger sales worldwide. 

So what's up behind the golden arches?

Some of the numbers.

Comparable store sales in the U.S., McDonald's largest market, increased 7.1% in September and 4.1% for third quarter. Europe comparable sales increased 9% in September and 7.6% for third quarter. Globally, McDonald's comp sales increased 7.7% in September and 5.8% for the third quarter.

So it looks like the Euros are really digging McD's. Maybe it's the new, chic image.

The Oak Brook, Ill.-based fast food chain has bet big this year on new menu items for the morning commuter, including a new Snack Wrap, new breakfast items and a premium coffee the company hopes will fare well against rivals...

Whatever the reason, stakeholders should be happy too.

McDonald's said preliminary third quarter 2006 earnings per share are expected to be 68 cents a share...

But this one thing is interesting to me.

"We are increasing relevance, enhancing menu variety and improving customer convenience," Chief Executive Officer Jim Skinner said in a press release Oct. 12.

"Increasing relevance" is an interesting phrase to use. I guess being the favorite of the under 12 crowd isn't good enough. Now, it looks like the fashionable crowd is next on the list.

Seeing that it is McDonalds's, I'm still not sure I can bet against them.


0 Comments/Trackbacks




submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« Inflation? Maybe. Economic Downturn? No. | Main | Costco Reports Good News For Stakeholders »

Advertise

Related Resources

recent comments

    sponsored ads



    subscribe


    Prefer Email?
    Subscribe below-

    Enter your Email:


    Powered by FeedBlitz What's this?

    Current News

    Support This Blog

    blogroll


    -->

    business social media

    Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

    BIZZlogos - Add your logo - free link to your site
    BIZZphotos - Add photos of your products and people
    BIZZprofiles - Submit your profile and build your online visibility
    BIZZspotlight - Spotlight your business with free links
    BIZZvideos - Videos about businesses, products and business people.
    BIZZbites - "Digg" for Business - Submit your articles and posts

    Know More Media - Consultants

    know more media network

    View Network Map

    Network Feed List (OPML)

    Know More Media Network
    Feed


    we support unitus

    PRWeb

    Influencer



    AnalyzeThisBusiness is a member of the Know More Media network of business related blogs.

    Here are some current headlines from some of our business publications:

    ProductivityGoal

    CallCenterScript

    AdHurl

    TheBizofKnowledge

    LandingTheDeal

    CustomersAreAlways

    HealthCareVox

    BrainBasedBusiness

    TheInsurancePolicy

    MarketingBlurb