McDonald's Profit Tops Estimates on All-Day Breakfast, Deals

April 22, 2016 12:34 PM

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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.

Also read: LG Electronics says third-quarter profit down 3.7 percent vs. year earlier

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