McDonald's Japan profit soars in 2007

McDonald's Japan profit soars in 2007
Tags: Food & Beverage, International, Operations Management
February 6, 2008

Reuters: McDonald's Japan recently posted a five-fold increase in annual net profit and predicted further growth as it opens new stores and refreshes its menu.

McDonald's Holdings Co. Ltd. (Japan), nearly half owned by McDonald's Corp., forecast a 28-percent increase in net profit in 2008 as it plans to open 130 new stores and put strength into offering low-cost menu items and promoting coffee. Net profit soared to 7.8 billion yen in 2007, up from 1.55 billion the year before. Among the reasons for the surge was the popularity of "Mega Macs" — four meat patties layered between three slices of bun with cheese and lettuce.