OAK BROOK, Ill. (AP) - McDonald's Corp. increased its third-quarter net income by 9 percent to $1.51 billion, its ninth straight quarter of earnings gains.
Revenue at the fast-food giant rose 14 percent to $7.17 billion, beating analysts' expectations of $7.02 billion. Revenue at stores open at least 13 months rose 5 percent. That's a key measure of a company's health because it excludes the impact of recently opened or closed locations.
Per-share earnings were $1.45, beating analysts' expectations of $1.43.
The world's largest burger chain has performed well throughout the recession and its aftermath because it has adapted quickly to customers' changing tastes. New menu offerings, remodeled restaurants and more 24-hour locations have helped attract newly budget-conscious customers. McDonald's has also been expanding in fast-growing emerging markets as the U.S. economy slows.
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