Wednesday, October 22, 2008

A bit more meat than your €1 sandwich

McDonald's Net Rises on Dollar Menu
(Thanks to Paul for the story)

By Chris Burritt
Oct. 22 (Bloomberg) -- McDonald's Corp., the world's largest restaurant company, said third-quarter profit rose 11 percent as consumers stretched by higher food costs bought $1 double cheeseburgers... ``McDonald's is one of those great plays at this point in time,'' Keith Wirtz, the chief investment officer at Fifth Third Asset Management, told Bloomberg Television. Customer visits to restaurants are slowing ``with one exception, and that's in the fast-food category.''

To contact the reporter on this story: Chris Burritt in Greensboro, North Carolina, at +1-336-808 1348 or

No comments: