The news out of McDonald’s (MCD) continues to be good. Same-store sales rose 4.3% in the second quarter, but EPS dropped to $.98 from $1.04. But, last year’s gain was up $.10 due to the sale of a minority interest in a small company.
Foreign currency transactions helped push the fast food company’s revenue down by 7% to $5.6 billion. Operating income was up 2% on the same basis to $1.68 billion.
Global comparable sales increased 4.8% with the U.S. up 3.5%, Europe up 6.9% and Asia/Pacific, Middle East and Africa up 4.4%
Douglas A. McIntyre
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The news out of McDonald’s (MCD) continues to be good. Same-store sales rose 4.3% in the second quarter, but EPS dropped to $.98 from $1.04. But, last year’s gain was up $.10 due to the sale of a minority interest in a small company.
