McDonald's Profits Rise

Published by: Kelly Curtis on 24th Jan 2011 | View all blogs by Kelly Curtis

McDonald's Profits Rise

McDonald's Corp released its fourth-quarter results Monday, indicating a 2 percent rise in profits, which were driven by more frequent customer visits during the period, the company said.

Based in Oak Brook, Illinois, the fast-food chain reported quarterly earnings of $1.24 billion, or $1.16 per share, compared to earnings of $1.22 billion, $1.11 per share, in the same quarter a year before. The company said that currency exchange rates cut profits by 2 cents per share in the quarter. Total revenue for the company was reported as $6.21 billion, compared to $5.97 billion the year before. The data included receipts from franchised locations.

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