McDonaldâ€™s Corporation, the worldâ€™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 â€œPlan to Winâ€ 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.