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McDonald’s bet on “value-priced” burgers and specialty coffee paid off as the company’s third quarter profits rose 11%.
Global comparable-store sales for the chain also rose 7.1% and U.S. comp-store sales were up 4.7%, per the company’s earnings report released today.
“As we enter the final quarter of the year, October sales trends remain strong and I am optimistic about McDonald’s outlook,” CEO Jim Skinner said in a written statement.
Darren Tristano, evp at Technomic, Chicago, said McDonald’s is well positioned to weather the economic downturn.
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