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7.23.2009

McDonald’s (MCD) quarterly profit fell 8 percent, the #1 burger chain said Thursday, to $1.09 billion, or 98 cents per share, vs. $1.08 per share a year ago.

The Golden Arches blamed a stronger dollar and a one-time gain last year for the weaker results.

Revenue was down 7 percent to $5.65 billion on foreign exchange translation.
Mickey D’s shares trading down nearly four percent Thursday.

Bilibala's comments:
McDonald's Corp is one of the few corporations that able to immuse the recession impact. I agree, most of the fall came from stronger dollars. I think the result will look better in 3Q.
at 13:54
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