Updated from 8:52 a.m. EST

McDonald's ( MCD) fourth-quarter profit more than doubled, boosted by continued sales growth and a gain from the sale of its stake in Chipotle Mexican Grill ( CMG).

McDonald's said Wednesday that its fourth-quarter profit totaled $1.24 billion, or $1 a share, in line with its preannouncement last week . A year earlier, earnings were $608.5 million, or 48 cents a share.

The latest quarter's results included a gain of 39 cents a share related to the company's disposition of burrito chain Chipotle. Earnings from continuing operations of 61 cents a share were in line with analysts' average estimate, according to Thomson Financial.

Revenue rose 11% to $5.63 billion from $5.06 billion. Worldwide same-store sales climbed 6.3%.

"McDonald's U.S. business marked its fourth consecutive year of comparable sales increases and higher profitability," said CEO Jim Skinner in a statement. "Our strategic focus on serving customers an effective balance of new menu items, premium products and everyday value in convenient, contemporary locations continued to drive results."

During a conference call with analysts, Skinner said the fast food giant was committed to "being better, not just bigger."

McDonald's said it plans to spend about $1.9 billion in 2007 to open about 800 new locations and reinvest in its existing restaurants. Skinner said the company is committed to owning and operating less than 30% of restaurants in each of its major countries.

The company plans to open 150 restaurants in Europe and 375 in Asia, primarily in Japan and China.

Skinner said building drive-thrus is critical to the company's success in China. Earlier this month, McDonald's jointly-owned its first drive-thru restaurant and gas station complex with Sinopec, the Chinese petroleum company.

Shares of McDonald's recently were trading down 59 cents, or 1.3%, to $44.26.

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