McDonald's First-Quarter Profit, Revenue Top Expectations
April 29 2021 - 6:30AM
Dow Jones News
By Colin Kellaher
McDonald's Corp. on Thursday posted first-quarter revenue and
earnings that topped Wall Street's expectations amid strong U.S.
sales.
The Chicago fast-food giant reported net income of $1.54
billion, or $2.05 a share, for the quarter, up from $1.11 billion,
or $1.47 a share, a year earlier.
Excluding items, McDonald's reported an adjusted profit of $1.92
a share for the quarter. Analysts polled by FactSet, on average,
were expecting adjusted earnings of $1.81 a share.
Revenue rose 9% to $5.12 billion, topping the $5.04 billion Wall
Street was looking for. Worldwide comparable sales rose 7.5%, well
above expectations of a 4.9% gain, as U.S. comparable sales jumped
13.6%.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
April 29, 2021 07:15 ET (11:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
McDonalds (NYSE:MCD)
Historical Stock Chart
From Apr 2024 to May 2024
McDonalds (NYSE:MCD)
Historical Stock Chart
From May 2023 to May 2024