McDonald's Strong Sales Lift 3Q Profits

[951]

CHICAGO - McDonald's Corp. said Wednesday its third-quarter profits will come in well above Wall Street estimates, reflecting a sales resurgence in its U.S. restaurants that remains in full force.

The announcement prompted the latest jump in McDonald's stock, which has doubled since the company began reviving flagging sales and earnings in spring 2003. Shares rose $1.31, or 4.8 percent, to close at $28.86 on the New York Stock Exchange

The fast-food giant said its per-share profits for the quarter will top last year's by about 42 percent, due largely to impressive September sales. Its earnings estimate of 61 cents per share is 12 cents higher than the consensus estimate of analysts surveyed by Thomson First Call...

http://story.news.yahoo.com/news?tmpl=story2&u=/ap/20041013/ap_on_bi_ge/mcdonald_s_outlook

[delete_bush]

1. See, just like Chmpy said,

the jobs situation IS improving.

[Dark Jedi]

4. "The economy is strooooooong" said Chimpy

LOL Good one! :)

McJobs are like....way cool. It's like...what me and all my buds look forward to. Huh huh.

[Voltaire99]

2. Bush-quality food for Bush-people tummies

Coincidentally, even as Americans can't get supersized enough, the Guardian this week reported McDonald's is in a crisis in the UK where sales are down a whopping ~70%.

[Dark Jedi]

5. Enlightened Euros

Europeans aren't obsessed with supersizing things (cars, etc.). They do not have Freudian issues like the freeper americans.

[fishwax]

3. That's good news for "manufacturing" jobs n/t

[sleipnir]

6. Wow, my addiction to the $1 McChicken is really helping the economy

Now, I just have to get addicted to another cheap fast food, perhaps Subway. Really wish I could find good food for under $4 in Manhattan, but that's not to be.

[RUMMYisFROSTED]

7. If we could just sell those burgers on ebay...

...we might see that 25000 DOW!