Friday, October 23, 2009
McDonalds profits rise 6%
Some companys are seeing an increase in their business, eventhough the economy isn't the greatest. McDonalds saw a 6% profit raise recently. The major factor was the addition of a new type of burger that people love. not all aspects of the company grew as much as the profit though. The revenue didnt quite make it to the expectations it had, only rising 2%. This article shows that even in harder times companies will still comtinue to grow with new products, and being able to connect with what people want is a sure way to succeed.
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McDonald's along with many of its' competitors like Burger King and Wendy's have had to promote new products to keep their revenue in the green. McDonald's earnings did rise 6% which it is nice to see that businesses are back on the rise. The revenue actually went down 4% through the third quarter of 2009 due to currency changes. McDonald's expects that the weak U.S. dollar should help their Quarter 4 revenues by about $350 million and earnings by 6 cents a share. I just hope that McDonald's will stay on the rise along with the improving stock market.
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