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New menu fuels McDonald's profit New menu fuels McDonald's profit
(about 18 hours later)
Selling more expensive burgers has helped McDonald's third-quarter profit climb 6%.Selling more expensive burgers has helped McDonald's third-quarter profit climb 6%.
The fast-food restaurant chain's global net income for the June to September period rose to $1.3bn (£760.7bn), from $1.2bn a year earlier. The fast-food restaurant chain's global net income for the June to September period rose to $1.3bn (£760.7m), from $1.2bn a year earlier.
McDonald's said new more costly products, such as the Angus Third-Pounder burger, were popular with US diners.McDonald's said new more costly products, such as the Angus Third-Pounder burger, were popular with US diners.
Shares in the company were up 2% in early Thursday trading.Shares in the company were up 2% in early Thursday trading.
The firm's quarterly sales rose 2.5% at US stores, 5.8% in Europe and 2.2% in Asia, the Middle East and Africa.The firm's quarterly sales rose 2.5% at US stores, 5.8% in Europe and 2.2% in Asia, the Middle East and Africa.
It said sales of newer more expensive products also helped boost European sales.It 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.McDonald's expects sales to remain positive in October, even though people are eating out less often.