McDonald’s Corp. said Tuesday that a strong fourth quarter drove the domestic segment’s highest annual increase in same-store sales since 2006 and an 11-percent increase in net income for the quarter and for the full fiscal year.
For the quarter ended Dec. 31, 2011, the company’s net income rose to $1.38 billion, or $1.33 per share, compared with $1.24 billion, or $1.16 per share, in the fourth quarter of 2010. Revenue rose 10 percent to $6.8 billion for the quarter, driving a global same-store sales increase of 7.5 percent.
Same-store sales rose 7.1 percent in the United States, 7.3 percent in Europe and 6.9 percent in the Asia/Pacific, Middle East and Africa, or APMEA segment.
McDonald’s net income rose to $5.5 billion for the full fiscal year, compared with $4.95 billion in fiscal 2010. Revenue rose 12 percent to $27 billion, helped by a 5.6-percent increase in global same-store sales for the year. Same-store sales rose 4.8 percent in the United States, 5.9 percent in Europe and 4.7 percent in APMEA.
“As we begin 2012, we are intensifying our efforts toward the global priorities that represent our greatest opportunities under the Plan to Win — optimizing and evolving our menu, modernizing our customer experience and broadening accessibility to our brand,” said chief executive Jim Skinner.
“In 2012, we plan to invest about $2.9 billion of capital — roughly half dedicated to opening more than 1,300 new McDonald’s restaurants, and the other half allocated to investing in our existing locations, including the reimaging of over 2,400 restaurants.”
Oak Brook, Ill.-based McDonald’s operates or franchises more than 33,000 restaurants worldwide, including more than 14,000 locations in the United States.
Contact Mark Brandau at [email protected].
Follow him on Twitter: @Mark_from_NRN
