McDonald’s bounces back with third quarter comparable sales increase
McDonald’s, is once again bouncing back into prosperity, announcing a net profit increase of 23% in the third quarter of 2015, as net income rose from $1,068.4 million last year, to $1,309.2 million.
“I am encouraged by our operating performance for the quarter, with positive comparable sales across all segments, including the U.S., as well as sales recovery in China following the prior year supplier issue”, said, Steve Easterbrook, McDonald’s President and Chief Executive Officer.
While there is still a consolidated decrease in revenue of 5% to $6,615.1 million; the diluted earnings per share of $1.40, saw an increase of 28% (44% in constant currencies), due in part to a benefit from comparison to the prior year’s increase in tax reserves related to certain foreign tax matters.
Easterbrook also concluded, “Third quarter marked an important step in the Company’s global turnaround – the reorganization of our business from a geographically focused structure to business segments that combine markets with similar characteristics and opportunities for growth”.
Amazon announces a surprising 118% increase in third quarter profits
Amazon.com, Inc. has surprised the market with a sharp increase in its profits, of a breathtaking 118%, for its third quarter ended September 30, 2015. The company, which is known to grow its business even with a series of losses, reported a net income of $79 million, as compared to a net loss of $437 million in third quarter 2014.
Net sales increased 23% to $25.4 billion in the third quarter, compared with $20.6 billion, along with an operating cash flow increase of 72% to $9.8 billion in comparison with $5.7 billion last year. Earnings per share accounted for a$0.17 per diluted share, from a comparable $0.95 per diluted share.
Contributing to the overall growth of the company, AWS (Amazon Web Services) seemed to be the most significant reason, with a reported operating income of $521 million. According to reports, this is almost the same as the $528 million operating income Amazon generated in its North American retail business this quarter, showing how important AWS has become to its business.
Sounding highly ecstatic in a recent press release by the company, Jeff Bezos, founder and CEO of Amazon.com said, “Fire sets a new bar for what customers should expect from a low-cost tablet. This is one more step in our mission to bring customers premium products at non-premium prices. Fire is the #1 best-selling product on Amazon.com since launch, and based on the strength of the customer response, we are building millions more than we’d already planned.”
Google declares 13% revenue growth in Third Quarter 2015
Alphabet Inc., the successor issuer to, and parent holding company of, Google Inc., recently announced its third quarter 2015 financial results, reporting a revenue growth of 13% year over year, accounted at $18.7 billion. With a 45.3% increase, the company’s GAAP net income grew from $2,739 million comparable to $3,979 million, in 2014.
Ruth Porat, CFO of Alphabet and Google, said in the official press release by the company, “Our Q3 results show the strength of Google’s business, particularly in mobile search. With six products now having more than 1 billion users globally, we’re excited about the opportunities ahead of Google, and across Alphabet.”
According to reports, the substantial growth was also complemented by contributions from YouTube and Programmatic Advertising.
While the operating income was accounted at $4.7 billion, the diluted earnings per share were $5.73, along with a strong operating cash flow of $6.0 billion.