McDonald’s 4Q profit falls due to year-ago benefit (AP)

A McDonald?s Big Mac and chip at a McDonald?s outlet in Munich, 2007. US fast-food giant McDonald's said its 2008 net profit soared 80 percent from a year, lifted by growing demand from consumers seeking low-cost meals in a deepening global recession.(DDP/AFP/File/Joerg Koch)AP – McDonald’s Corp. reported a 23 percent drop in its fourth-quarter profit on Monday because of a year-ago tax benefit, but strong same-store sales helped the hamburger chain beat Wall Street’s expectations.

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