McDonald’s Corp. says its first-quarter net income rose 11 percent as more customers dined under the Golden Arches, especially in Europe.
McDonald’s is battling higher prices for beef and other ingredients. High-profit coffee drinks have helped it offset those pressures. It may also raise menu prices.
Net income rose to $1.2 billion, or $1.15 per share, for the quarter that ended March 31. That was up from $1.1 billion in the same quarter, or $1 per share, last year.
Earnings beat analyst expectations for $1.14 per share.
European Growth Sends McDonald’s Net Up 11 Percent
April 25, 2011 by Cris | 0 Comments