McDonald’s Q4 profit up 23%
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 giant’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, McDonald’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.
Whole Foods customers give $1M toward Haitian relief
AUSTIN, Texas Whole Foods Market announced that its customers at 289 stores in the United States, Canada and the United Kingdom have donated $1 million to several relief efforts in Haiti since Jan. 14.
“Whole Foods Market has seen first-hand the big hearts of its customers during difficult times like these and we are so amazed at their generosity,” said A.C Gallo, co-president and chief operating officer of Whole Foods Market. “We have made it easy for customers to give what they can at our registers to help deliver critical aid to the people of Haiti.”
Donation drives at the company’s checkout counters will continue at all stores until Jan. 31 and directly support a variety of non-profit relief organizations, Whole Foods reported.
Additionally, through its Whole Planet Foundation. Whole Foods Market is doubling its original commitment to now provide $1 million to its on-the-ground microlending partner in Haiti, Fonkoze. As one of Haiti’s leading microfinance institutions, Fonkoze offers microcredit along with a full range of financial services to the poor and underserved throughout the country. The additional funding from Whole Foods Market will assist Fonkoze in rebuilding critical infrastructure lost in the earthquake as they attempt to resume operations. The Whole Planet Foundation is Whole Foods Market’s nonprofit organization that helps developing countries through microfinance.
Sears promotes TVs with Favre
HOFFMAN ESTATES, Ill. Sears has announced a new round of commercials featuring football star Brett Favre.
The new spots will begin airing on Jan. 24 and will be used to promote the retailer’s Samsung offerings.
“We are spreading Favre Fever to fans everywhere by extending great savings to our customers so they can enjoy watching the playoffs on a new TV and feel confident with their purchasing decision,” said Karen Austin, SVP and president of home electronics for Sears Holdings. “With the combination of our affordable prices, quality products and real-time price checks, we know our customers will not waffle on their decision to buy a new TV so they can enjoy every play of the game to the fullest.”
Sears also announced that from Jan. 22 through Jan. 23, it is offering an 8% instant savings on existing low prices for all TVs 46 inches or larger, anyway they pay. The Sears Blue Electronics Crew will extend the deal through Jan. 30 to Sears cardholders only for total electronics purchases more than $999.