McDonalds sales increase
McDonald's has reported its first rise this quarterly global sales in more than a year. This will co…McDonald's has reported its first rise this quarterly global sales in more than a year. This will continue into the current quarter.
McDonald's shares rose by 7.4% in premarket trading on Thursday as now the fast food restaurant has simplified its menu, improved service by raising wages and is working on serving healthier food to appeal to health-conscious customers. These actions have had positive feedback from customers.
Due to the demand for value meals and breakfast items in China, sales rose by 4% in the third quarter and demand for new items on the menu in the U.S also pushed U.S sales into positive territory for the first time in two years.
Net income rose to $1.31 billion, $1.40 per share, in the third quarter ended 30th September from $1.07 billion, $1.09 per share the year before.