McDonald’s has net profit of 2613.7 million in the semester
McDonald’s, the world’s largest chain of fast food restaurants, reported today that in the first half of the year had a net profit of 2,613.7 billion, virtually the same as on the same date in 2011, which attributed to the impact of exchange rates and economic slowdown.
The chain, based in Oak Brook (Illinois), which in the first half of 2011 gained 2619.2 million, said that “earnings per share declined due to the impact of exchange rates.”
He also reported that from April to June 2012 recorded a net profit of 1,347 million dollars ($ 1.32 per share), 4% less than in the same three months of last year, which scored 1410.2 million dollars ($ 1.35 per share).
Sales in the first six months of this year amounted to 13,462.5 million, 3% more than the 13.017 million dollars from the same period in 2011.
From April to June 2012 was 6,915.9 million dollars, with little differences from 6905.4 million in the same quarter twelve months ago.
“The McDonald’s global sales remained strong during the last quarter, although the results reflect the slowdown in the global economy,” said its executive director, Don Thompson, who also addressed the persistence of economic turmoil across the board.
He added that most chain restaurants in the world maintains its priority to optimize the menu and modernize their relationships with their customers, while anticipated that by the third result with comparative data for July sales “results will be positive, although less than in the second quarter. ”
By region, sales in the quarter grew 3.8% in Europe, although the impact of the exchange rate of currencies made his income go down to 3%, the UK and Russian markets with better results, followed France and Germany.
McDonald’s said in the Asia / Pacific, Middle East and Africa (APMEA) sales increased by 0.9% last quarter, with Australia and China with the most robust and Japan with the weakest.
Thompson noted that “although the economic environment is increasingly challenging,” the firm believes that “has sufficient opportunity to differentiate and grow the brand.”
In electronic trading prior to the opening of the New York Stock Exchange, shares of McDonald’s fell 2.53% to $ 89.26 each, while so far this year have lost 8.72% of its value and have risen 3.41% in the last twelve months.
Category: Investing
