McDonald’s 4Q Profit Climbs as Sales Are On Fire

McDonald’s (MCD: 99.19, -1.76, -1.74%) beat the Street on Tuesday by being able to post an 11% increase in 4th-quarter profits as the world’s biggest hamburger chain enjoyed strong quarterly sales growth and its best U.S. results since 2006.

The Oak Brook, Ill.-based blue-chip company stated that it raked in $1.38 billion, or $1.33 a share, last quarter, compared with a profit of $1.24 billion, or $1.16 a share, a year earlier. Analysts were calling for EPS of $1.30.

Revenue increased 9.8% to $6.82 billion, compared with estimates of $6.81 billion. Operating margins grew to 31.1% from 29.9%.

Global same-store sales rose 7.5% last quarter at McDonald’s, highlighted by a 7.3% increase in Europe and 7.1% jump in the U.S. The company stated that its U.S. same-store sales were the strongest since 2006.

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Tags: blue-chip company, Europe, increased sales, mcd, mcdonald's, US