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CHICAGO (MarketWatch) -- McDonald's Corp. reported a 23% increase in fourth-quarter profit, helped by the weak dollar and higher demand from the U.S. and France to Russia and Australia.
Net income rose to $1.22 billion, or $1.11 a share, from $985.3 million, or 87 cents, in the year-earlier period. Revenue rose 7% to $5.97 billion from $5.57 billion, McDonald's (US:MCD)said Friday.
Excluding the benefit of currency translation, revenue was up 2%.
The fourth-quarter per-share results include benefits of 7 cents from foreign-currency translations and 8 cents from the resolution of certain liabilities, the Oak Brook, Ill., company said.
Analysts estimated the fast-food giant earned $1.01 a share on revenue of $5.92 billion, according to FactSet.
McDonald's shares rose 19 cents to close at $63.39.
Global same-store sales, or those at outlets open at least 13 months, rose 2.3% with all segments reporting positive results, McDonald's said.
In the U.S., operating profit rose 5% as commodities costs eased and McCafe espresso-based coffees and the Angus Third Pounder helped drive demand.
In Europe, the U.K., France and Russia led profit growth.
Its Asia-Pacific, Middle East and Africa unit saw a double-digit gain in operating profit, led by Australia. There was expansion in China while commodity costs also declined.
"As we begin 2010, McDonald's January global-comparable-sales trend remains positive," said Jim Skinner, chief executive, in a statement.
He also noted the chain served an average 60 million customers a day in 2009, up 2 million a day over the prior year.
The company has been among the few beneficiaries of the global recession as consumers trade down from higher-priced restaurant fare. It has overhauled its menu in recent years while extending hours and aggressively expanding into some fast-growing international markets.
And "they are outpacing a lot of their competitors," said Garth Snider, president of FranchiseOpportunities.com, an online Franchising network.
"They have made very few operational mistakes," while a massive global footprint has allowed the company "to weather the storm a little better than most quick-service restaurants," he added.
Further, "they continue to expand their menu and they clearly have their finger on the pulse not only of the American consumer but international consumers as well," Snider said.
There are roughly 32,000 McDonald's outlets worldwide, with the company owning about 6,500 and the rest franchised.
What else can I help you with?
What customer needs does mcdonalds satisfy?
Need for quick service fast food
Who is a good customer?
A good customer is someone that relies on the business to meet their needs.
What comes from recognizing customers' needs?
Better customer service, as you meet those needs, or tell the customers who can meet them.
What is customer accommodation?
Customer accommodation is satisfying a consumers wants/needs, ensuring their demands are meet and obtaining the end desired state the customer seeks.
What are customer needs and how can businesses effectively address them?
Customer needs are the desires and requirements of consumers that businesses must fulfill to satisfy them. Businesses can effectively address customer needs by conducting market research, developing products or services that meet those needs, providing excellent customer service, and continuously seeking feedback to improve their offerings.
What refers to the actions taken to meet the needs of customers?
The actions taken to meet the needs of customers are referred to as customer service or customer support. This involves understanding customer expectations, addressing inquiries and complaints, providing assistance, and delivering a positive experience throughout the customer journey. Effective customer service aims to build loyalty and satisfaction, ultimately contributing to the overall success of a business.
What are customer needs?
Customer needs is what the Customer needs!
What are the key elements of business success from an operation perspective?
It needs to be efficient and effective. It needs to be able to meet customer demands on time and to help them get the products that they want.
What is a priority A task during the lunchtime rush in McDonalds?
Customer satisfaction
What is customer needs in hospitality?
what is the customer needs in hospitality
How would you provide great customer service at farmers?
The best way to provide great customer service at Farmers is to listen to the customer. Since every customer is looking for something different, you want to make sure that you take your time and meet their needs.
What is a good example of customer service in Mcdonalds?
giving you extra napkins and straws.
