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Summary Box: McDonald's swings to 2Q profit

24-07-2008 - 04:44

KEY RESULTS: McDonald's Corp. swung to a second-quarter profit, helped by strong worldwide sales and a gain from selling its stake in sandwich chain Pret A Manger. Revenue rose 4 percent overall.

SAME-STORE SALES: Sales at stores open at least a year rose 6.1 percent globally and 3.4 percent in the U.S.

NEW PRODUCT PERFORMANCE: McDonald's said its new fried chicken sandwiches at breakfast and lunch helped boost sales and its specialty coffee beverages are performing ahead of expectations so far.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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