{"id":466303,"date":"2011-07-22T14:17:43","date_gmt":"2011-07-22T14:17:43","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/07\/22\/mcdonalds-sales-and-profits-rise\/"},"modified":"2011-07-22T14:17:43","modified_gmt":"2011-07-22T14:17:43","slug":"mcdonalds-sales-and-profits-rise","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/07\/22\/mcdonalds-sales-and-profits-rise\/","title":{"rendered":"McDonald&#8217;s sales and profits rise"},"content":{"rendered":"<p><div readability=\"45.421875\"><span><span>22 July 2011<\/span> <span>Last updated at<\/span> <span>10:17 ET<\/span><\/span><\/p>\n<p>Fast food giant McDonald&#8217;s has seen its quarterly profits soar 15% on higher sales across all its global regions.<\/p>\n<p>Its net profit for the three months to 30 June totalled $1.41bn (\u00a3866m), compared with $1.23bn a year earlier.<\/p>\n<p>Revenue growth was led by Europe, where McDonald&#8217;s same-store sales increased by 5.9%. They rose by 4.5% in US, and by 5.2% for the rest of the world.<\/p>\n<p>Group-wide revenues totalled $6.91bn, up 16% from $5.95bn a year ago.<\/p>\n<p>McDonald&#8217;s chief executive Jim Skinner said the latest results showed the company&#8217;s resilience in the face of &#8220;the continuing challenges of our economic environment&#8221;.<\/p>\n<p>The company said the cost of most of its ingredients in the US and Europe was continuing to rise between 4% and 4.5% on an annual basis as food price inflation remains high.<\/p>\n<\/div>\n<p>See original here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-14253921\" title=\"McDonald's sales and profits rise\" rel=\"noopener noreferrer\">McDonald&#8217;s sales and profits rise<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 22 July 2011 Last updated at 10:17 ET Fast food giant McDonald&#8217;s has seen its quarterly profits soar 15% on higher sales across all its global regions. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-466303","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - 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