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
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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 in the United States in the quarter that ended Dec 31, and 5 per cent on a global basis. It was the strongest gain in such sales in almost four years.
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