McDonald’s Outperforms Analysts’ Predictions
McDonald’s Corp (NYSE:MCD) reported a quarterly profit that topped analysts’ predictions. Sales that already surpassed competitors strengthened even more in December, rising 9.6 percent. The company reported a fourth-quarter profit of $1.38 billion up from $1.24 billion the previous year. Revenue rose 10 percent to $6.82 billion, stretching above the average analyst estimate of $6.81 billion.
The key is that the company has been able to invest a great deal of money into their restaurants when others have been cutting costs. They have put money into renovations, longer operating hours and fresh menu items.
According to Thomson Reuters I/B/E/S, analysts are expecting a 5.9 percent raise overall.