Entrepreneur Daily Dose Blog

McDonald's Proves It's Resistant to Recession

mcdonalds-economy.jpgFast-food titan McDonald's announced quarterly profits that beat Wall Street's estimates and proved, arguably, that the business of cheap fast food done well sometimes thrives in a down economy. Franchisees own a majority of the burger behemoth's stores worldwide.

The company states that global sales increased 6.9 percent in December, helping it distribute an average $2 annual dividend to shareholders. McDonald's plans to open 1,000 new locations in 2009. Only Subway restaurants plans to open more stores.

"Two-thousand-eight was a strong year for McDonald's," CEO Jim Skinner states. "Through our strategic focus on menu choice, food quality and value, the average number of customers served per day increased to more than 58 million in 2008 ... The company delivered double-digit growth in operating income for the fourth quarter and the year. These accomplishments validate the strength and resilience of McDonald's."

Are there still McDonald's franchises to be had in the U.S.? Yes you can.

Did you find this story helpful? YesNo
Thanks for making Entrepreneur better for everyone.
Please tell us why?





0 Comments. Post Yours.

Comments:

blog comments powered by Disqus

Most Popular on Entrepreneur.com

News, Stories and Suggestions

Have news, a story or suggestions?
Contact Daily Dose »
Daily Dose E-mail Subscribe

Contributors

Mikal Belicove

Contributing Writer

Carol Tice

Contributing Writer

Laura Lorber

Executive Online Editor

Teri Evans

Deputy Editor

Jason Fell

Senior Online Editor

Diana Ransom

Contributing Editor

Archive by Month

Select a month to view archived posts