McDonald's Plumps Up Its First Quarter Profits
A new range of Big Macs and discounts on soft drinks helped boost profits
McDonald's (MCD) - Get Report range of new Big Macs and discounts on soft drinks and coffee sure plumped up the first quarter.
The Golden Arches said Tuesday that first quarter earnings came in at $1.47 a share, trouncing Wall Street estimates for $1.34 a share. Comparable store sales increased in all of McDonald's segments. The key U.S. market saw same-store sales rise 1.7%, ahead of analyst forecasts for a 0.8% decline. Global same-store sales gained 4%.
Shares of McDonald's rose 2.3% to $137.40 in pre-market trading, a day after the stock hit an all-time high.
This article was written by a staff member of TheStreet.
