Today, McDonald’s reported quarterly earnings and revenue that exceeded analysts’ expectations, as consumers increased their expenditures at its U.S. restaurants, even in what CEO Chris Kempczinski described as “a challenging environment.”
McDonald’s reported first-quarter net income of $1.98 billion, or $2.78 per share, up from $1.87 billion, or $2.60 per share, a year earlier. The company’s net revenue rose 9% to $6.52 billion.
Chairman and CEO Chris Kempczinski told investors, “McDonald’s delivered this quarter. Our 6% global Systemwide sales growth shows how we executed with discipline, proving that we can drive results even in a challenging environment. And it’s our commitment to going three-for-three that sets McDonald’s apart. Our value leadership, breakthrough marketing, and menu innovation continue to serve up what customers want.”
McDonald’s Q1 earnings highlights included:
• Global comparable sales increased 3.8% for the quarter, with consistently solid comparable sales growth across all segments
• U.S. increased 3.9%
• International Operated Markets increased 3.9%
• International Developmental Licensed Markets increased 3.4%
• Global Systemwide sales* increased 11% (6% in constant currencies) to over $34 billion for the quarter
McDonald’s shares rose slightly following the announcement.
By CEO NA Editorial Staff
