McDonald's 3Q profit rises 27 percent

Photo: McDonald's 3Q profit rises 27 percent

McDonald's Corp. reported that its 3-quarter net profit rose 27 percent thanks to good sales of everything from coffee to hamburgers.

The earnings, which were in line with preliminary results released last week, keep the world's largest restaurant chain on a sustained roll around the globe.

Net income for the July-through-September period was $1.07 billion (EUR750 million), or 89 cents per share, up from $843.3 million, or 68 cents per share, in the third quarter of 2006.

Excluding an after-tax gain of 6 cents per share from the sale of its Boston Market franchise, the Oak Brook, Illinois-based company said its earnings were 83 cents.

That was in keeping with the revised expectations of analysts polled by Thomson Financial, who expected earnings of 83 cents per share on revenue of $6 billion (EUR4.2 billion).

Thomson estimates typically exclude one-time charges.

Revenue was $5.9 billion (EUR4.13 billion), up 7 percent from $5.5 billion a year ago.