McDonald’s Corp. (NYSE:MCD) reported higher first-quarter earnings and sales on Thursday, driven by broad-based comparable sales growth across its global markets and continued momentum from loyalty programs.
Strong First-Quarter Earnings Growth
The company reported first-quarter adjusted earnings per share of $2.83, beating the analyst consensus estimate of $2.74. Quarterly sales of $6.517 billion outpaced the Street view of $6.466 billion.
The Chicago-based fast-food giant said first-quarter net income rose 6% to $1.98 billion, or $2.78 per diluted share, from $1.87 billion, or $2.60 per diluted share, a year earlier.
Revenue increased 9% to $6.52 billion from $5.96 billion in the prior-year quarter. Operating income climbed 12% to $2.95 billion.
Global Comparable Sales Remain Strong
Global comparable sales increased 3.8% during the quarter, with the U.S. segment up 3.9%, international operated markets rising 3.9% and international developmental licensed markets gaining 3.4%.
McDonald’s said U.S. comparable sales growth was primarily …
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