Two US food giants (and sponsors of Expo 2015) publish their accounts. And the results are mixed: Coca-Cola can be satisfied, much less Mc Donald's. The Atlanta company has indeed closed a good quarter beating market estimates: it ended the period with an adjusted earnings per share of 48 cents, 6 cents above analysts' expectations. Turnover increased by 1,3% to 10,71 billion dollars against the 10,66 billion of the consensus.
McDonald's on the other hand, it reported earnings down more than expected due to the impact of the currency (9 cents) and restructuring costs (17 cents). The fast-food chain closed the period with EPS of 84 cents per share from last year's $1,21 ($1,06 consensus). Sales, although down 11% to $5,96 billion, meet Wall Street's expectations.
