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McDonald's Beats as Global Same-Store Sales Rise 5%

OAK BROOK, Illinois ( TheStreet) -- McDonald's (MCD - Get Report) earned $1.45 a share in the third quarter, topping the estimates of analysts, as worldwide same-store sales rose.

A year ago, McDonald's earned $1.29 a share.

Net income was $1.51 billion vs. $1.39 billion last year.

Revenue in the quarter was $7.17 billion, up from $6.3 billion a year earlier.

Analysts surveyed by Thomson Reuters expected profit of $1.43 a share on revenue of $7.03 billion.

Global comparable sales increased 5%, with the U.S. up 4.4%, Europe up 4.9% and Asia/Pacific, Middle East and Africa up 3.4%, McDonald's said in a statement Friday.

"As we enter the final quarter of 2011, our global comparable sales remain strong with October comparable sales expected to be up 4% to 5%," the company said.

-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

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