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McDonald’s sees small rise in Q4 profits

By Carina Perkins , 25-Jan-2013

Related topics: Industry & Markets, Retail, Beef, Poultry, EU, United States

Global burger giant McDonald’s has reported a small increase in profit for the fourth quarter of 2012, boosted by the recovery of US sales in December.

Total global sales for the quarter increased 0.1%, with losses in Europe and the Asia-Pacific/Middle East/Africa region offset by a 0.3% increase in US sales. Profits were up 1.4% in Q4, with revenues up 2% to to $5.5 billion. Sales for the year were up 3.1%, with growth across all regions, while revenues were up 2% and operating income was up 1%.

McDonald’s chief executive officer Don Thompson said: “McDonald’s continued to grow by remaining focused on what matters most to our customers, although our results reflect the impact of the challenging global operating, economic and competitive environment.

“Our overall performance is a testament to the underlying strength of our business and our dedicated system of franchisees, suppliers and employees, who continue to drive toward our mission to become our customers’ favorite place and way to eat and drink.”

Looking to the year ahead, Thompson predicted that sales would grow 3% to 5%, driving income growth of 6% to 7%.

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