McDonald’s is loving it
The recession is a bad thing, but McDonald’s seems to be loving it and how. In 2006, they couldn’t earn enough profits, but the sales were up nonetheless. Thanks to the swelling ranks of jobless people: Eating out isn’t affordable anymore. The result is plain and simple. Sales jumped 7.2% worldwide in the third quarter and the operating income rose to 11%. Chief Executive Jim Skinner commented that, “McDonald’s is recession-resistant”.
But that is not all, the same-store chain is planning to open at least 1,000 new outlets in 2009 and will spend $2.1 billion in constructing them. With real estate down, right now is just about the right time.
Seems that Ray Kroc was right after all.
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Tagged as McDonald's, Ray Kroc, Restaurant + Categorized as Business
Its nice…Some rich person wants to invest and because of it many people will get work…and economy will keep running.
Hehe… it is not so simple as you make it sound.