Thursday, October 22, 2009

McDonald's Earnings Rise To $1.15 a Share

McDonald's Earnings Rise To $1.15 a Share -

NEW YORK -- McDonald's Corp. said Thursday that third-quarter earnings were $1.26 billion, or $1.15 a share, compared to $1.19 billion, or $1.05 a share, in the same period a year ago. Revenue fell 4% to $6.05 billion compared to $6.27 billion. Analysts polled by FactSet Research estimated, on average, eanings per share of $1.10 and sales of $6.1 billion.

McDonald's is hitting on all cylinders. Just a look at their menu tells you a story of listening to the public and responding. I believe the success in the menu is due in large part to the success of McCafe.

Additionally, McDonald's now serves Frappe drinks. McDonald's Frappe drinks are made by blending coffee, skim milk and flavoring with ice and topping the drink with whipped cream and a swirl of caramel or chocolate syrup.

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