10:31am

Thu April 21, 2011
Business

McDonald's Reports 1st-Quarter Sales, Income Growth

The world's biggest burger chain reported Thursday that first-quarter sales grew to about $6 billion, nearly 10 percent higher than the first quarter of last year, and net income grew nearly 11 percent. McDonald's cited strong sales of new products like specialty coffees, smoothies and oatmeal, and modernization efforts like updating lighting and seating, and adding more 24-hour outlets.

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