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Kim at McDonald's Dollar Dilemma |
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Last Updated ( Tuesday, 11 November 2008 )
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It seems that McDonald's (NYSE: MCD) isn't impervious to the inflationary frenzy.
Citing high commodity costs, media reports suggested that the company would rework its famous -- and famously effective -- Dollar Menu.
Second-quarter financial results at McDonald's yesterday showed no sign of turmoil. The company swung to a second-quarter profit of $1.19 billion, or $1.04 per share. That far exceeded Wall Street's estimates, even without a $0.10-per-share gain from the sale of Pret A Manger. If you recall, in last year's second quarter, McDonald's reported a loss of $711 million, or $0.60 per share, after selling its Latin American and Caribbean operations.
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