Global competitive environment pressures McDonald’s earnings
date:Jan 24, 2013
ive environment.

During the fourth quarter ended Dec. 31, net income rose 1% to $1,396.1 million, or $1.38 per share, which compared with $1,376.6 million, or $1.33 per share, during the same quarter of the previous year. Revenue was $6,952.1 million, up 2% from $6,822.7 million during the same quarter of the previous year.

As we begin the new year, our average annual long-term targets in constant currency remain intact: System-wide sales growth of 3% to 5%, operating income growth of 6% to 7%
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