McDonald’s Meets Expectations As Profit Jumps

BusinessWeek:

McDonald’s ever-evolving mix of old menu standbys and new items like Chicken McBites lured in more diners who helped boost its first-quarter profit.

The world’s biggest hamburger chain said Friday that its net income rose 5 percent in the first quarter, in line with Wall Street expectations.

McDonald’s Corp. said global sales rose 7.3 percent at stores open at least 13 months, driven by gains from all regions. The metric is key because it excludes the impact of newly opened stores. More.