McDonald’s Corporation (MCD) recently reported third-quarter 2009 results that topped the Zacks Consensus Estimate, driven by effective cost control and rise in comparable sales across all regions. McDonald’s quarterly earnings came in at $1.15 per share, up 10% from $1.05 reported in the prior-year quarter, and surpassed the Zacks Consensus Estimate of $1.11 per share.

The strong U.S. dollar continues to moderate results, trimming the earnings by 5 cents a share. Excluding foreign currency translation and gains, earnings increased 14% to $1.20 per share.

Revenue for the quarter declined 4% to $6,046.7 million, but increased 2% in constant currencies. Revenue from company-operated restaurants declined 7% to $4,093.6 million, whereas revenue from franchise-operated restaurants increased by 5% to $1,953.1 million. Total operating income rose 6% to $1,932.8 million, but jumped 11% in constant currencies.

Despite a sinking global economy, McDonald’s continues to grow same-store sales while maintaining healthy margins by expanding market share. Global same-store sales rose 3.8% with the U.S. sales up 2.5%, Europe up 5.8% and Asia/Pacific, Middle East and Africa up 2.2%. New menu products Incorporatedluding Angus Third Pounders and McCafe premium coffee line-up, boosted U.S. comps.

Recently, the company announced a 10% increase in its quarterly dividend, bringing the total quarterly dividend to 55 cents per share. McDonald’s has returned $1.3 billion to shareholders through dividends and share repurchases during the quarter.

McDonald’s and other fast-food chains, like Burger King Holdings (BKC), Yum! Brands (YUM) and Chipotle Mexican Grill (CMG) are faring better than casual and upscale dining restaurants, as budget-constrained consumers are trending towards lower-priced dining options.

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