Wednesday, 22 February 2017

Exclusive: Number of Equipment Suppliers on the Rise at Fruit Logistica 2017

Exclusive: Number of Equipment Suppliers on the Ri...

  The number of companies which exhibit technical solutions and machines for vegetables and fruit...

Opportunity to Explore Automation at the European Cold Chain Conference

Opportunity to Explore Automation at the European ...

  The 20th European Cold Chain Conference, taking place in Brussels, Belgium (March 8-10) is an o...

New Ag International Academy Prepares Courses for 2017 and 2018

New Ag International Academy Prepares Courses for ...

  New Ag International has designed a 10-day program to prepare decision makers to contribute to ...

Potato South Africa Reveals Insights on the Regional Market

Potato South Africa Reveals Insights on the Regional Ma...

  The potato industry contributes 3% of the total gross agricultural product and 58% of total vegetabl...

Public Discussions on Use of “Healthy” Labeling

Public Discussions on Use of “Healthy” Labeling

  The U.S. Food and Drug Administration (FDA) has announced a public meeting to discuss the use of the...

Royal Cosun’s Growth Driven By Aviko

Royal Cosun’s Growth Driven By Aviko

  Royal Cosun, the parent company of Aviko, announces an increase in its profit for 2016 in comparison...

Online Platform to Optimize Potato Chips Package Choice

Online Platform to Optimize Potato Chips Package Choice

Bosch Packaging Technology has launched an online information platform featuring its value enhancing co...

Tomra Launches Customer Service Center in Istanbul

Tomra Launches Customer Service Center in Istanbul

  Tomra Sorting Food has launched its first customer service center in Istanbul, Turkey, to expand fur...

 SCOPE Receives EUR1m to Research Potato Crop Disease

SCOPE Receives EUR1m to Research Potato Crop Disease

  Tyndall National Institute, Dublin City University (DCU) and Teagasc have received an investment of ov...

Exports of Frozen and Fresh Potatoes Continue to Grow

Exports of Frozen an...

  U.S. exports of frozen and fresh potatoes continued to ...

NEPG Notices Reduced Crops for the Current Season

NEPG Notices Reduced...

  The scarcity of seedlings could reduce crop rises annou...

Tostitos Creates “Party Safe” Bag

Tostitos Creates “Pa...

  Tostitos created the "Party Safe" bag – a bag...

Farm Frites Could Build French Fries Plant in Kazakhstan

Farm Frites Could Bu...

  Deputy Prime Minister of Kazakhstan and Minister of Agr...

French Potato Association Considers Building a Potato Processing Facility

French Potato Associ...

    Global demand for products from processed potatoes, pa...

FSA Starts Campaign Anti-Acrylamide in Home Cooked Foods

FSA Starts Campaign ...

  Food Standards Agency (FSA) is launching ‘Go for Gold’ ...

Pringles Introduces New Range of "Loud" Crisps

Pringles Introduces ...

    Pringles is introducing new line-up – Pringles Loud,...

Potato Chips Recalls Due to Salmonella Risk

Potato Chips Recalls...

  Potato chips producers Herr Foods, Snyder of Berlin, Bi...

Farm Frites Launches Its Ultimate Chip

Farm Frites Launches...

 Potato grower and manufacturer Farm Frites has announced ...

First UK Deposit in Global Seed Vault

First UK Deposit in ...

  The Commonwealth Potato Collection (CPC), an invaluable...

Cool Farming Tool Proves Sustainability of Potato Culture

Cool Farming Tool Pr...

  Since last autumn, the farmers and the professionals in...

Agreement on Genome-Analysis Technology

Agreement on Genome-...

  Monsanto Company and NRGene announced that they have re...

New Method to Capture Disease-resistant DNA for Plants

New Method to Captur...

  Scientists have developed and improved technique for ca...

New “Focus on Potato” Webcast Helps Growers Manage White Mold Infections

New “Focus on Potato...

The Plant Management Network (PMN) has released a new pres...

McDonald’s Chooses New Potato Varieties for Fries

McDonald’s Chooses N...

In September, the worldwide fast-food chain chose two new ...

Potato Growers Get Help to Fight with Late Blight Pathogen

Potato Growers Get H...

  The Plant Management Network (PMN) has released in Nove...

Potandon Produce Adds a New Organic Potato Supply Point

Potandon Produce Add...

  Potandon Produce LLC, the industry leader in fresh pota...

Cornell University Receives State Grant to Fight against Golden Nematode

Cornell University R...

 Cornell University received a USD1.2m boost in new state ...

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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