23 January, 2003

McLoss

McDonald's posted its first ever loss.

The world's largest restaurant company posted a wider-than-expected net loss of $343.8 million, or 27 cents a share, in the fourth quarter, compared with a profit of $271.9 million, or 21 cents, in the year-earlier period.

The company had predicted a net loss of only 5 cents to 6 cents a share on Dec. 17.

Ha-ha! If you'll excuse me, I have to go dance about on Ray Kroc's grave, singing 'alelujah.

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