McDonalds Same-Store Sales Rise; Coke Profit Climbs
Tuesday, February 9, 12:02 PM ET

The Number One fast food chain in the world said global same-store sales rose 2.6 percent in January.

Sales actually declined by 0.7 percent in the U.S., but rose 4.3 percent in Europe and 4.3 percent in Asia, the Middle East, and Africa.

McDonald’s also said today it will take $40 million to $50 million in charges in the first half of the year related to 430 restaurant closings in Japan.

McDonald’s shares are trading higher by nearly a half a percent.

Also today, it appears that the whole world would like to buy a Coke…Coca-Cola said fourth quarter profit totaled $1.54 billion, or 66 cents per share, as compared to $995 million, or 43 cents per share, in the same quarter last year. Earnings were inline with analyst expectations.

Revenue hit $7.5 billion, from $7.1 billion in the same quarter last year, as fourth quarter volume rose 7 percent in Latin America, 11 percent in the Pacific, 1 percent in Europe, and 5 percent in Eurasia and Africa. International gains offset a one percent decline in volume in the North American market.

Coke shares are trading higher by nearly 3.3 percent on Tuesday morning.