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
- Singapore Airlines was ordered to pay a couple compensation for 'mental agony' after they complained their business-class seats didn't automatically recline
- Welcome to the white-collar recession
- A software engineer shares the résumé he's used since college that got him a $500,000 job at Meta — plus offers at TikTok and LinkedIn
- T20 World Cup: Here are the squads announced by major participating countries so far
- Aadhar Housing Finance sets IPO price band at ₹300-315 per share
- Rupee falls 3 paise to settle at 83.46 against US dollar
- Vedanta plans to invest $20 bn in India in 4 years; will sell steel biz only at right price: Agarwal
- Stock markets rebound as GST revenues hit record in April