McDonald's profits rise on value product sales

McDonald's logo
Image caption McDonald's is continuing with a store refurbishment programme at its older outlets

McDonald's third quarter profits have risen 9%, the ninth increase in a row, as introducing cheaper food items helped to boost sales.

The US fast food giant made a net profit of $1.5bn (£942m) in the three months to 30 September, up from $1.4bn a year earlier.

Its revenues for the quarter rose 13.8% to $7.2bn, while sales at stores open for more than a year added 5%.

McDonald's is also continuing to enjoy higher coffee and smoothie sales.

These lines are important to the company, as they provide higher profit margins than its traditional food items.

Its same-store sales, which pull out the impact of new openings, rose by 4.4% in the US, 4.9% in Europe, and 3.4% across Asia, the Middle East and Africa.

McDonald's said sales were also lifted by its continuing store refurbishment programme.

Its latest quarterly results beat market expectations.

More on this story

Related Internet links

The BBC is not responsible for the content of external Internet sites