McDonald''s Profit Falls 32.4% in 2007

McDonald''s Profit Falls 32.4% in 2007
McDonald''s ended the year 2007 with a profit 32.4% lower than in the previous year. In the financial year 2007, the network of fast food gained $ 2395 billion, while in 2006 the profit was of $ 3544 billion.
Revenues in the same period, rose 9%, to $ 22786 billion. Sales in stores open for at least one year in the world is expanded 6.7% in the three months ended in December and had high of 6.8% in 2007 whole.
A comparison between the last three months of last year against same period of the previous year, however, is more positive. McDonald''s ended the fourth quarter of 2007 with net profit of $ 1273 billion, larger than the $ 1241 billion in combined equivalent period of 2006. Revenue in that quarter comparison, increased from $ 5445 billion to $ 5753 billion.
"We remain committed to maintaining the fiscal discipline and increase value to shareholders," said the chief executive of the network of snacks, Jim Skinner. For this timetable, he said to be optimistic with the prospects for McDonald''s in 2008.