MCDONALD'S REPORTS SECOND-QUARTER NET INCOME DOWN 16%

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(May 11, 2001) -- Consumer fears over the safety of beef supplies drove down McDonald's Corp.'s second-quarter net income to $378 million, a 16% drop from the prior earlier-year period, according to its Securities and Exchange Commision Filing for the second quarter ended March 31.

The fast-food giant posted a 2% gain in global systemwide sales for the period to $9.6 billion. The U.S. region posted a 4% increase in systemwide sales for the quarter to $4.6 billion, while Europe declined 6% to $2.2 billion and Asia/Pacific fell 5% to 1.7 billion. On May 17, McDonald's will conduct its annual shareholders meeting. -- Kate MacArthur

Copyright May 2001, Crain Communications Inc.

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