McDonald's NZ full-year profit rises 19% as new stores, promotions drive sales, costs fall

Tue, 07 Jun 2016

By Jonathan Underhill June 7 (BusinessDesk) - McDonald's Restaurants (New Zealand) posted a 19 percent gain in 2015 profit as the local unit of the world's biggest fast-food chain opened more outlets and lured consumers with custom burgers and drive-through coffee, while benefitting from lower raw material costs. Profit rose to $36.7 million in calendar 2015, from $30.8 million a year earlier, according to the Auckland-based company's annual report. Sales rose 10 percent to $244 million. Under chief executive Steve Easterbrook, who too...

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