McDonald’s Corp. (NYSE: MCD) is just below its all-time highs after reporting its first-quarter earnings on Friday. As a result of these solid earnings, analysts have poured into the stock, most taking a very positive view. 24/7 Wall St. has included some of the highlights from the earnings report as well as what some analysts are saying about the golden arches.
The fast-food giant said it had $1.23 in earnings per share (EPS) on $5.90 billion in revenue. Thomson Reuters consensus estimates had called for $1.16 in EPS on revenue of $5.82 billion. In the same period of last year, the company posted EPS of $1.01 and $5.96 billion in revenue.
Global comparable sales increased 6.2% in the quarter, as well as consolidated revenues decreasing 1%, but increasing 3% in constant currencies.
In the United States, first-quarter comparable sales increased 5.4%, fueled by the ongoing popularity of All Day Breakfast and the introduction of McPick 2 branded national value platform.
In the High Growth segment, first-quarter comparable sales increased 3.6%, led by strong comparable sales performance in China and positive performance across various other markets, including Russia.
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