According to the news, McDonald’s quarterly net profit to 30 June was [br] [ori

Fast food giant McDonald’s has seen its quarterly profits soar 15% on higher sales across all its global regions. (21)Its net profit for the three months to 30 June totalled $1. 41bn, compared with $1. 23bn a year earlier. Revenue growth was led by Europe, where McDonald’s same-store sales increased by 5. 9% . They rose by 4. 5% in the U. S. , and by 5. 2% for the rest of the world. Group-wide revenues totalled $6. 91bn, up 16% from $5.95bn a year ago. (22) The company said the cost of most of its ingredients in the U. S. and Europe was continuing to rise between 4% and 4. 5% on an annual basis as food price inflation remains high.