McDonald's Japan Operating Profit Up for 3 Years in Row
Tokyo, Feb. 12 (Jiji Press)--McDonald's Holdings Co. (Japan) Ltd. <2702> said Tuesday that its consolidated operating profit in the business year to December last year jumped 32.4 pct from the previous year to 25,045 million yen, up for the third straight year.
But the company's net profit fell 8.7 pct to 21,939 million yen, after surging in 2017 thanks to deferred tax assets.
Sales totaled 272,257 million yen, up 7.3 pct.
Same-store sales grew 6.9 pct, reflecting success in attracting families and other customers after the renovation of some 400 existing outlets. The growth was also backed by the "Yoru Mac" evening and night menu that offers double patties for an extra fee of 100 yen.
For the current year to December 2019, the company projects sales of 282.5 billion yen, up 3.8 pct year on year, and an operating profit of 27.6 billion yen, up 10.2 pct.
[Copyright The Jiji Press, Ltd.]