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McDonald's reports strong earnings, helped by all-day breakfast

Q4 profit up 10% to US$1.2b; company also benefited from raising its prices and cutting costs

CEO Steve Easterbrook said the bump from all-day breakfast gives the company some room to work on other things, such as improving food quality and developing new promotional programmes.

New York

MCDONALD'S surprised even the most bullish investors on Monday, reporting stronger-than-expected quarterly gains in earnings, thanks largely to serving items from its breakfast menu all day.

Same-store sales - the numbers for stores open at least a year - rose 5.7 per cent