McDonald’s Corp. posted first-quarter profit that beat analysts’ estimates, with all-day breakfast and McPick value deals fueling a resurgence in its U.S. business.
Net income rose to $1.23 a share in the period, the Oak Brook, Illinois-based company said in a statement Friday. Analysts estimated $1.16, on average. Same-store sales increased 5.4 percent in the U.S., while analysts polled by Consensus Metrix projected a 4.6 percent gain.
14:49 Trump warns of ‘retribution’ for companies that offshore jobs, threatening 35 percent tariff17
18:05 DP World, Quebec's Caisse to create C$5 billion investment vehicle20
13:19 New Abuelo's restaurant to open in Katy12
21:05 Starbucks Chief Howard Schultz to Step Down Next Year13