McDonald's: first-quarter consensus beaten
The fast-food chain reported this morning net earnings of 1.9 billion dollars for the first three months of the year, compared with 1.8 billion a year earlier.
On a per-share basis, earnings reached 2.66 dollars, above the consensus of 2.54 dollars targeted by analysts.
McDonald's worldwide sales, expressed on a like-for-like basis, rose by 1.9% in the first quarter, marking the 13th consecutive quarter of growth.
On a like-for-like basis, its sales have thus risen by 30% cumulatively over the last four years, says CEO Chris Kempczinski.
Sales rose by 5% to $6.17 billion, again above the consensus of $5.75 billion.
These solid results did not seem to delight investors, as the stock lost 0.7% in pre-market trading on Tuesday morning.
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