McDonald's Earnings Surge amid Overseas Expansion

26 January 2007

OAK BROOK, Illinois: The spinoff of the Chipotle chain coupled with record overseas sales helped McDonald's to more than double its fourth quarter profit.

The world's biggest fast-food firm reported earnings of $1.24 billion (€955m; £629m) in Q4, up year-on-year from $608.5 million. Revenue climbed 11% to $5.6bn from $5.01bn a year ago.

The company says it will continue its push into countries such as China, Japan and Russia when it opens 800 new restaurants this year.

Data sourced from Wall Street Journal Online. additional content by WARC staff