OAK BROOK, Ill. — Traffic at McDonald’s restaurants was surprisingly strong during the first quarter, pushing the world’s biggest burger chain far past Wall Street expectations.<\/p>\n
Comparable-store sales in the U.S., where the company has struggled, rose 2.9 per cent. They rose 5.5 per cent globally, which is a lot stronger than the 3.6 per cent increase that industry analysts had forecast, according to a survey by FactSet.<\/p>\n
The company, based in Oak Brook, Illinois, earned $1.38 billion, or $1.72 per share, for the period ended March 31. A year earlier the hamburger chain earned $1.21 billion, or $1.47 per share.<\/p>\n
Earnings, adjusted for pretax expenses, came to $1.79 per share, which is way better than the per-share earnings of $1.67 that industry analysts had projected, according to a poll by Zacks Investment Research.<\/p>\n
Total revenue declined to $5.14 billion from $5.68 billion, but managed to edge out forecasts.<\/p>\n
Shares of McDonald’s Corp. rose almost 4 per cent before the market opened on Monday.<\/p>\n
———-<\/p>\n
Portions of this story were generated by Automated Insights (http:\/\/automatedinsights.com\/ap<\/a>) using data from Zacks Investment Research. Access a Zacks stock report on MCD at https:\/\/www.zacks.com\/ap\/MCD<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" OAK BROOK, Ill. — Traffic at McDonald’s restaurants was surprisingly strong during the first quarter, pushing the world’s biggest burger chain far past Wall Street expectations. Comparable-store sales in the U.S., where the company has struggled, rose 2.9 per cent. They rose 5.5 per cent globally, which is a lot stronger than the 3.6 per […]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7840"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=7840"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7840\/revisions"}],"predecessor-version":[{"id":7842,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/7840\/revisions\/7842"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=7840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=7840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=7840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}