McDonald’s says deals, $1 sodas boosted sales figure
New York – Cheap eats, $1 sodas and crispy chicken tenders helped boost a key sales figure at McDonald’s.
The world’s largest hamburger chain said Tuesday that U.S. sales rose 4.5 percent at established locations during the fourth quarter, thanks to its two-for-$5 deal called McPick 2, its new buttermilk crispy tenders and its expanding delivery service.
The Oak Brook, Illinois-based company also reported better-than expected earnings and revenue for the quarter.
The company posted net income of $698.7 million, or 87 cents per share. Earnings, adjusted for non-recurring costs, were $1.71 per share, beating the $1.59 per share analysts expected, according to Zacks Investment Research.
It had revenue of $5.34 billion, above the $5.26 billion analysts expected.
After the results were released, McDonald’s Corp. shares slipped half a percentage to $176.50 in premarket trading Tuesday.
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