Wednesday, 20 September 2017

PROCESS EXPO Announces Innovations Showcase Finalists

PROCESS EXPO Announces Innovations Showcase Finali...

  The organizers of this year's Process Expo have announced the finalists of the Innovations Show...

Exclusive Interview: What’s in Store for Potato Processors at PACK Expo 2017

Exclusive Interview: What’s in Store for Potato Pr...

  Bringing together 2,000+ exhibitors and 30,000 attendees from virtually every vertical market, ...

FPSA Young Professionals Group Invites Attendees to Career Roundtables

FPSA Young Professionals Group Invites Attendees t...

  The FPSA's Young Professionals Group (YPG) will host informal roundtable sessions for students ...

Starch Europe Regrets Chinese Decision on EU Potato Starch Duties

Starch Europe Regrets Chinese Decision on EU Potato Sta...

Industry association Starch Europe is disappointed by the decision of the Chinese Minister of Commerce ...

 Inventure Foods Sells Frozen Division to Oregon Potato Company

Inventure Foods Sells Frozen Division to Oregon Potato...

  Inventure Foods, Inc, an American specialty food marketer and manufacturer, has announced it has ent...

Heat and Control Opens Manufacturing Facility in India

Heat and Control Opens Manufacturing Facility in India

  Heat and Control has opened a new manufacturing facility in Chennai, India, which has an area of ove...

Sormac Launches New MS-30 Knife Peeler

Sormac Launches New MS-30 Knife Peeler

  Equipment producer Sormac presents the MS-30 knife peeler for production lines with a higher process...

tna Launches New Turnkey Blending System for Dry or Wet Products

tna Launches New Turnkey Blending System for Dry or Wet...

  tna has launched a new turnkey vibratory motion blending system to accurately mix multiple dry or we...

Kiremko Launches New Sliver Remover

Kiremko Launches New Sliver Remover

  Kiremko presents a new sliver remover system that effectively eliminates more than 98% of all cuttin...

Corkers Invests GBP1.5m to Create New Olive Oil Crisps Range

Corkers Invests GBP1...

  British brand Corkers announces a partnership with the ...

Golden Flake Celebrates Sport Competition with Limited Edition Chips

Golden Flake Celebra...

  Golden Flake Snack Foods will introduce a limited editi...

Fairfield Farm Crisps Modernizes Processing Facility with Fabcon Equipment

Fairfield Farm Crisp...

  Food processing equipment producer Fabcon Food Systems,...

Patatas Torres Announces Sparkling Wine Flavored Potato Chips

Patatas Torres Annou...

  Spanish company Patatas Torres has recently released ne...

Microwaveable Retail Potato Segment Sees Continued Growth

Microwaveable Retail...

  A recent study on the microwaveable/steamable fresh pot...

Dieffenbach's Potato Chips Partners with VivaKids to Fight Hunger

Dieffenbach's Potato...

  Dieddenbach’s Potato Chips has announced that they will...

Little Potato Company Inaugurates New US Processing Plant

Little Potato Compan...

  Canadian firm The Little Potato Company held a ceremony...

POOOF! Introduces New Potato Kettle Chips

POOOF! Introduces Ne...

  POOOF!, the newly launched brand from the Indian compan...

Lay’s Announces ‘Do Us a Flavor’ Contest Finalists

Lay’s Announces ‘Do ...

  Lay’s has announced the three finalist potato chip flav...

National Potato Council Awards Adrienne Gorny for Potato Research

National Potato Coun...

  The National Potato Council (NPC) announces that Adrien...

Solynta Develops Late Blight Resistant Potato Varieties

Solynta Develops Lat...

  Dutch potato breeding company Solynta has developed pot...

Hydroponic Potatoes Might Be Grown inside Europe’s Deepest Metal Mine

Hydroponic Potatoes ...

  A research team recently launched a pilot project to in...

Cornell University Publishes Organic Production and IPM Guide for Potatoes

Cornell University P...

  The practical potato production Guide was compiled by a...

Canada Approves Three New Types of GMO Potatoes

Canada Approves Thre...

  Three types of potatoes genetically engineered by an Id...

Cavendish Farms to Build Two New Modern Storage Facilities

Cavendish Farms to B...

  Prince Edwards Island's major potato processor Cavendis...

 Drones Measure Nitrogen Application in Potato Farming

Drones Measure Nitr...

  The researchers at Wageningen University Research ann...

Boise State Researchers Awarded IGEM Grant to Combat Potato Rot

Boise State Research...

  Boise State University researchers Harish Subbaraman, D...

Researchers Engineer Heat Tolerance in Potato Crops

Researchers Engineer...

  Scientists at the James Hutton Institute and the Univer...

With the "Plan to Win" in full swing, it's rarely news when McDonald's reports strong quarterly earnings. But amidst an economic crisis, it is surprising to see a company post a 7.1 per cent increase in global same-store sales which McDonald's reported in its third-quarter statement released today.

"Our dedication to building our business by being better, not just bigger, continues to strengthen our global performance," says the company's chief executive officer Jim Skinner in a statement. "For the quarter, we delivered strong comparable sales, higher margin dollars, and a double-digit operating income increase."

McDonald's U.S. delivered its highest sales increase of 2008, with third quarter comparable sales up 4.7 percent and an operating income growth of 9 percent. In fact, the company's quarterly success even out performed Wall Street expectations, with profits reaching $1.19 billion, about 16 cents higher per share than expected.

The numbers make it difficult to dispute Skinner's claim that the quick-serve juggernaut is "recession resistant."

Thanks to the domestic success of core menu classics including the Big Mac, Southern-style chicken products, and value-based beverages, the company has been able to take advantage of customers who are trading down from full-service and casual-dining restaurants.

"Our unwavering commitment to providing an outstanding restaurant experience to every customer, every time," Skinner says, "is driving comparable sales momentum and profitability growth in each area of the world."

Internationally, Europe generated strong top-line sales in virtually every market, posting a comparable sales increase of 8.2 percent along with an operating income growth of 23 percent while the Asian/Pacific, Middle Eastern, and African markets' third quarter performances were led by Australia and China. In the Asian/Pacific market, the brand points to its breakfast offerings and core menu items as keys to its success in the region.

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