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4/29, 1:03 PM (Source: TeleTrader)
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McDonald's tops expectations with revenue of $5.1B in Q1

McDonald's revenue amounted to $5.12 billion in the first quarter of 2021, after a 9% growth versus the last year's opening trimester, the company announced on Thursday.

During the same time span, the company's net income was up 38.7% and came in at $1.54 billion while its diluted earnings per share soared 39.5% to reach $2.05.

"Our first quarter 2021 global comparable sales and revenues surpassed first quarter 2019 levels, even as resurgences and operating restrictions persist in many parts of the world. I continue to be inspired by the resilience of our crew members, franchisees, suppliers, and company employees as we lead with our values and stay true to our purpose of feeding and fostering communities," McDonald's CEO Chris Kempezinski commented.

Breaking the News / BU