BusinessApril 26, 1999
BUSINESS MEMO: MCDONALD'S SALES UP
McDonald's Corp. reported its first-quarter profits jumped 11 percent amid strong foreign and domestic sales, increased store openings and lower operating costs. Net income for the three months ended March 31 rose to $402.7 million, or 29 cents a share, from $362.2 million, or 26 cents a share in the comparable period a year earlier. The latter results were adjusted to reflect a stock split in March...
McDonald's Corp. reported its first-quarter profits jumped 11 percent amid strong foreign and domestic sales, increased store openings and lower operating costs.
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Net income for the three months ended March 31 rose to $402.7 million, or 29 cents a share, from $362.2 million, or 26 cents a share in the comparable period a year earlier. The latter results were adjusted to reflect a stock split in March.
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