McDonald’s Corporation, the world’s largest hamburger chain, posted second quarter 2011 earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.28.
Reported earnings increased 19% from $1.13 per share reported in the prior-year quarter. However, excluding the favorable currency impact of 10 cents in the reported quarter, earnings grew 11.0% year over year.
The significant upside in earnings was driven by higher comparable store sales across all regions arising from higher traffic.The company also continues to benefit from its “Plan to Win†program, which aims to sustain growth by driving restaurant visits, providing everyday value, innovating new menu items, and re-imaging restaurant and market campaigns. More.