McDonald’s on the march!
July 24th, 2008 Posted in GeneralAmerican
fast food icon McDonald’s reports almost 9% (8.8%) gains in its Asia Pacific, Middle East, and Africa stores, leading the produce-consuming giant to analyst-trumping gains in the second quarter of 2008. At a time when US market volatility confounds the efforts of some of America’s best multinational competitors, McDonald’s posted net profits of $1.2B vs. a loss of about $712M in the same quarter the preceding year, reports BBC News (7/23). Look for continued consumption of the inputs McDonald’s loves for Q3 2008, but keep in mind what Forbes reports as a potential commodity increase and squeeze on McDonald’s profits down the road. We’ll be watching this closely.
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