24 Oct 2009

New menu fuels McDonald's profit

8:15 am on 24 October 2009

More expensive burgers have helped McDonald's third-quarter profit climb 6%.

Global net income for the fast-food restaurant chain in the June to September period rose to $US1.3 billion, from $US1.2 billion a year earlier, the BBC reports.

McDonald's said new more costly products, such as an Angus Third-Pounder burger, were popular with diners in the United States.

Quarterly sales rose 2.5% at US stores, 5.8% in Europe and 2.2% in Asia, the Middle East and Africa.

The company said sales of newer more expensive products also helped boost European sales.

McDonald's expects sales to remain positive in October, even though people are eating out less often.

The BBC reports shares in the company were up 2% in early Thursday trading.