Dividend Post
www.dividenpost.comMcDonals's Corp - Our comments
For a dividend history for MCD visit the MCD website at http://www.mcdonalds.com/corp/invest/finan/split/divdend.html
Straight from McDonald's Website:McDonald’s first quarter performance reflects the power of the Company’s global restaurant operations. For the quarter, Europe and Asia/Pacific, Middle East and Africa both delivered double-digit revenue and operating income growth. Europe’s revenues rose 23% (11% in constant currencies) during the quarter to nearly $2.4 billion, fueled by an 11.1% comparable sales increase – the highest in the segment’s history. Europe’s results reflect broad-based strength throughout the segment, led by France, the U.K. and Germany. For the month of April, Europe’s comparable sales are expected to be in the range of 5.5% to 6.5%, reflecting the impact of the change in timing of the Easter holiday from April in 2007 to March in 2008.
We expect that companies earnings coming from foreign currencies to do well
as the continued weakness in US dollars is expected to continue. McDonald's
also has one of the most recognizable brands in the world. Despite the competitive
nature of the fast food industry, I would much rather be McDonalds than competing against
their brand.
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