Oakbrook, Ill. McDonald's Corp. reported a 23% increase in fourth-quarter earnings, helped by same-store sales increases across all regions.
The fast-food giantâ€™s profit totaled $1.22 billion for the quarter ended December 31, 2009, up from $ 985.3 million a year earlier. Revenue increased 7% to $5.97 billion. Same-store sales rose 2.3% globally.
The company's U.S. operations delivered earnings growth of 5%, while strong double-digit gains were seen globally, thanks in part to currency changes.
In the fourth quarter, Asia/Pacific, Middle East and Africa delivered impressive double-digit operating income growth fueled by results in Australia, expansion in China and operating efficiencies and lower commodity costs in many markets, the company said.
For the full year, McDonaldâ€™s reported a 3.8% increase in global same-store sales. By region, same-store sales were up 2.6% in the United States, 5.2% in Europe, and 3.4% in Asia/Pacific, Middle East and Africa.