McDonald's operating income up, net drops
Second quarter results are reviewed for the global fast food chain.
McDonald's Corp. announced second quarter results showing an 8% drop in net income to $1,093 million, compared with the quarter ended June 30, last year.
Global comparable sales increased 4.8% with the U.S. up 3.5%, Europe up 6.9% and Asia/Pacific, Middle East and Africa up 4.4%. Consolidated operating income increased 2% (11% in constant currencies).
Approximately US$1.4 billion returned to shareholders through share repurchases and dividends.
On July 22, McDonald's Board of Directors declared a quarterly cash dividend of US$0.50 per share of common stock, payable to shareholders on September 15, 2009.