4/30, 2:00 PM (Source: TeleTrader)
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McDonald's posts EPS of $1.72 in Q1, up 5% YoY

United States fast food chain McDonald's Corporation announced on Tuesday its earnings per share for the first quarter of 2019 stood at $1.72, marking an increase of 5% compared to the same quarter last year. The company's revenue amounted to $4.96 billion in the first quarter, a 2% higher result than a year ago. Net income reached a figure of $1.33 billion, climbing 2% on an annual basis.

McDonald's said its global comparable sales increased by 5.4%, while the figure in the US rose 4.5%, driven by successful promotions and positive results of the Experience of the Future deployment. International comparable sales were 6% higher in the first quarter, due to the good results seen in all markets, mainly the United Kingdom and France.

"We started the year strong with our 15th consecutive quarter of positive global comparable sales, reflecting continued broad-based momentum across each of our global segments," McDonald's Chief Executive Officer Steve Easterbrook stated. "We remain focused on running better restaurants and elevating the experience for our customers by providing convenience on their terms through delivery, Experience of the Future, and our evolving digital channels," he pointed out.

Following the quarterly earnings release, McDonald's shares gained 3.35% in Tuesday's premarket trading.

Breaking the News / SS