McDonald's crushes earnings expectations thanks to all-day breakfast and other menu changes
Advertisement
McDonald's on Tuesday reported first-quarter earnings and sales that beat analysts' most bullish estimates, sending the company's shares higher in pre-market trading.
Advertisement
McDonald's said global sales at stores open for at least one year - so-called comparable store sales - rose 4%, trouncing an estimate for an increase by 1.3%.
The launch of all-day breakfast and more recent menu changes helped lift sales in the US by 1.7%, the company said.
The company reported adjusted earnings per share of $1.47, beating the estimate for $1.34.
Advertisement
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas