McDonald's 2Q profit jumps 12 pct on rising sales - Cincinnati News, FOX19-WXIX TV

McDonald's 2Q profit jumps 12 pct on rising sales

CHICAGO (AP) - McDonald's says its net income climbed 12 percent in the second quarter as customers around the globe gobbled up its cheap food and new frappes and other coffee drinks.

Strength in China and Australia also helped fuel the increase. For the three months that ended June 30, the world's largest hamburger chain earned $1.23 billion, or $1.13 per share.

That's up from last year's net income of $1.09 billion, or 98 cents per share. Revenue climbed 5 percent to $5.95 billion. Analysts were expecting McDonald's Corp. to earn $1.12 per share on revenue of $5.91 billion.

Sales at locations open at least a year climbed 4.8 percent during the quarter. McDonald's is based in Oak Brook, Ill.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

Powered by Frankly