McDonald's (MCD) Earnings Beat Estimates with $6.52 Billion Revenue

AI Summary

McDonald's (MCD) reported first-quarter earnings with adjusted EPS of $2.83, surpassing expectations of $2.74. Revenue reached $6.52 billion, exceeding the forecast of $6.47 billion, marking a 9% increase. The fast-food chain's net income rose to $1.98 billion, or $2.78 per share, up from $1.87 billion and $2.60 per share a year earlier. Same-store sales grew by 3.8% overall and 3.9% in the U.S., which aligns closely with analyst estimates. This performance indicates resilience despite a challenging environment marked by rising fuel prices.