McDonald’s Profit Rises 2.1% as Frappes Draw Customers
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McDonald’s Corp., the world’s biggest restaurant chain, reported a 2.1 percent gain in fourth-quarter profit as new menu items lured diners, offsetting slower-than-estimated December sales because of snowstorms.
Net income rose to $1.24 billion, or $1.16 a share, the Oak Brook, Illinois-based company said today in a statement. In the U.S., same-store sales advanced 2.6 percent last month, compared with a 4 percent average of five analysts’ estimates compiled by Bloomberg.