McDonald’s tops earnings estimates as global comparable-store sales jumped 12%

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McDonald’s Corp. MCD, -0.58% reported first-quarter net income totaling $1.104 billion, or $1.48 per share, down from $1.537 billion, or $2.05 per share, last year. Excluding costs to support businesses in Russia and Ukraine with salaries and lease payments and an international tax matter, adjusted EPS was $2.28. The FactSet consensus was $2.17. Revenue of $5.666 billion was up from $5.125 billion last year and also beat the FactSet consensus of $5.570 billion. Global comparable sales jumped 11.8%, beating the FactSet consensus of 7.7% growth. The U.S. was up 3.5%. McDonald’s shares rose 2% in Thursday premarket trading, and have slumped 7.8% for the year to date.

This article was originally published by Marketwatch.com. Read the original article here.

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