4/30/2020, 1:01 PM (Source: TeleTrader)
more TeleTrader news

McDonald's diluted EPS down 15%, at $1.47 in Q1

McDonald's Corp. stated on Thursday its revenue annually dropped 6.2% in the first quarter of the year to land at $4.71 billion, surpassing the predicted numbers. For the same period, McDonald's net income declined 17% to reach $1.1 billion. Furthermore, the company's global comparable sales concurrently diminished by 3.4%.

The restaurant's diluted earnings per share (EPS) stood at $1.47, decreasing by 15% in the first three months of 2020 and slightly missing the estimates.

"...The global crisis caused by the COVID-19 pandemic has significantly disrupted our business, and we continue to operate in a very challenging and unpredictable environment," McDonald's CEO Chris Kempczinski said commenting on the results.

Baha Breaking News (BBN) / ND