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McDonald’s earnings, new menu unveiled

McDonald’s is introducing some higher-priced options to its Dollar Menu and renaming it “Dollar Menu and More” to spur sales in the U.S.

The company announced the changes to its popular low-priced menu Monday, the same day that the world’s biggest burger chain reported that its third-quarter profit rose 5 percent as it benefited from a Monopoly promotion in the U.S. and strength in the U.K. and Russia.

The company plans to introduce some $2 and $5 options on the Dollar Menu, which currently features things like the Grilled Onion Cheddar Burger and a McChicken sandwich for a buck.

For the three months that ended on Sept. 30, net income rose to $1.52 billion, or $1.52 a share. That compared with $1.46 billion, or $1.43 a share, last year.

Revenue rose 2 percent to $7.32 billion from $7.15 billion last year. Analysts expected $7.33 billion.

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