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McRib, Coffee Help Boost McDonald's 4Q Earnings
January 24, 2011
Oak Brook, Ill. (AP) - McDonald's says its fourth-quarter net income rose 2 percent as it brought in more customers with its McRib sandwich and an addition to its successful McCafe coffee lineup.
Its stock climbed 46 cents to $75.47 in premarket trading on Monday.
The world's biggest burger chain earned $1.24 billion, or $1.16 per share, for the period ended Dec. 31. That's up from $1.22 billion, or $1.11 per share, a year ago.
Revenue climbed 4 percent to $6.21 billion.
The performance met analysts' expectations.
Sales at U.S. stores open at least a year increased 4.4 percent as the company rolled out its Caramel Mocha. Worldwide, the figure rose 5 percent on strength in Asia.
McDonald's Corp. is based in Oak Brook, Ill.
(Copyright 2011 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
