McDonald's Says 3Q Profit to Beat expectations

October 12, 2007
McDonald's Corp.'s hot streak keeps on going.

The world's largest fast-food chain said Friday its third-quarter profits will top Wall Street's estimates following another month of strong sales.

Global sales from its restaurants open more than a year rose 5.9 percent in September, led by an impressive 12 percent gain in its Asia/Pacific, Middle East and Africa division. Stronger foreign currencies helped boost results.

Same-store sales in its U.S. outlets rose 3.5 percent, increasing for a 54th consecutive month. The company cited its value menu, breakfast offerings and drinks as helping to boost sales — some 60 percent of which now come from drive-throughs.

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