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Article: McDonald's reports 95th consecutive quarter of record operating results; systemwide sales exceeded $16 billion in 1988.
- Article from:
- PR Newswire
- Article date:
- January 26, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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McDONALD'S REPORTS 95TH CONSECUTIVE QUARTER OF RECORD OPERATING RESULTS;
SYSTEMWIDE SALES EXCEED $16 BILLION IN 1988
OAK BROOK, Ill., Jan. 26 /PRNewswire/ -- McDonald's Corporation (NYSE: MCD) today announced record systemwide sales, total revenues and net income for the year and fourth quarter ended Dec. 31, 1988. Systemwide sales increased 12 and 13 percent for the year and fourth quarter, respectively; total revenues increased 14 and 15 percent for those respective periods. Net income and net income per common share* for 1988 increased 18 and 19 percent, respectively.
KEY HIGHLIGHTS
(Dollars in thousands, ...
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