The Caterer

McDonald's bursts through $20b barrier

25 January 2006
McDonald's bursts through $20b barrier

Fast-food giant McDonald's has seen its global turnover punch through the $20b barrier for the first time.

In the year ended 31 December the company's turnover increased 7% year-on-year to $20.46b (£11.43b).

Chief executive officer Jim Skinner said customers in the US were continuing to visit its "contemporary, reimagined restaurants".

McDonald's said European customers were also coming back to its restaurants, which have introduced a range of salads and lighter alternatives over the past few years, with France, Russia and Germany performing strongly.

The company will invest $1.8b (£1b) over the next year on marketing and opening 800 new sites.

McDonald's rejects call by major shareholder to restructure >>

Company profile: McDonald's >>

By Chris Druce

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