McDonald’s and Harley-Davidson Stocks Rise After Earnings
McDonald’s Corporation (NYSE:MCD) reported its results for the fourth quarter. Net income for McDonald’s Corporation rose to $1.38 billion ($1.33 per share) vs. $1.24 billion ($1.16 per share) in the same quarter a year earlier. This marks a rise of 10.8% from the year earlier quarter. Revenue rose 9.8% to $6.82 billion from the year earlier quarter. MCD beat the mean analyst estimate of $1.29 per share. Analysts were expecting revenue of $6.8 billion.
“During 2011, McDonald’s continued momentum drove higher profitability and market share gains as we fortified our leadership position around the world,” said McDonald’s Chief Executive Officer Jim Skinner. “The ongoing strength of McDonald’s results is rooted in our Plan to Win with a relentless focus on what matters most to our customers. We are enhancing the customer experience – from our menu and service to our value and convenience – while giving more people more reasons to visit McDonald’s
Competitors to Watch: Chipotle Mexican Grill, Inc. (NYSE:CMG), Good Times Restaurants Inc. (NASDAQ:GTIMD), Carrols Restaurant Group, Inc. (NASDAQ:TAST), Tim Hortons Inc. (NYSE:THI), Yum! Brands, Inc. (NYSE:YUM), Jack in the Box Inc. (NASDAQ:JACK), Panera Bread Company (NASDAQ:PNRA), Nathan’s Famous, Inc. (NASDAQ:NATH), Wendy’s Arby’s Group Inc. (NYSE:WEN), Starbucks Corporation (NASDAQ:SBUX), Sonic Corporation (NASDAQ:SONC) and Darden Restaurants (NYSE:DRI).
Harley-Davidson Inc. (NYSE:HOG) reported its results for the fourth quarter. Reported a profit of $105.7 million (46 cents per diluted share) in the quarter. Harley-Davidson Inc. had a net loss of $46.8 million or a loss 20 cents per share in the year earlier quarter. Revenue rose 9.3% to $1.18 billion from the year earlier quarter. HOG reported adjusted net income of 24 cents per share. By that measure, the company beat the mean estimate of 22 cents per share. It beat the average revenue estimate of $1.01 billion.
“Our improved performance in 2011 is the result of the tremendous efforts of all of our employees, dealers and suppliers,” said Keith Wandell, President and Chief Executive Officer of Harley-Davidson, Inc.
To contact the reporter on this story: Derek Hoffman at email@example.com
To contact the editor responsible for this story: Damien Hoffman at firstname.lastname@example.org