Who's still lovin' the Golden Arches? Pretty much everyone, it would appear. Just when you wonder whether McDonald's
For the month, total systemwide sales increased 9.5%, or 7% if you strip out the benefit of currency changes. Same-store sales increased a slimmer 6.1%. This represents a bit of a slowdown from last year's gains, but it's still solid, especially considering the mileage the firm has been getting from its more modest sales gains. When you squeeze 42% earnings growth out of 9% upticks in sales, you're doing plenty of things right.
For what it's worth, the firm gave credit for increased traffic to its Monopoly giveaways.
I'm betting it's more than that. Need some proof? Consider the meager 2% October comps growth at rival Yum! Brands
With a tasty, 1.8% dividend and continued excellent execution, McDonald's looks like it would make a healthy addition to any portfolio.
For related Foolishness:
- Wondering why October had no treats for Wendy's?
- See why McDonald's is no harmful Monopoly.
- Is the run-up over? One Fool thinks not. Another is less sure.
Seth Jayson thinks he will be unable to resist his McDonald's craving today. At the time of publication, he had positions in no firm mentioned. View his stock holdings and Fool profile here. Fool rules are here.