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May, 01 2018

McDonald's global sales surge with higher menu prices

McDonald's U.S. restaurants also topped sales estimates due to increased customer visits and higher menu prices.

McDonald's Corp has posted a positive rise in quarterly sales at its restaurants boosted by strong international sales, especially in the UK and Germany, sending its shares up 3.6 percent.

Global sales at stores open at least 13 months rose 5.5 percent, easily topping the average analyst estimate of 3.94 percent, according to the report.

Same-store sales for what it calls its international lead markets - comprising Australia, Canada, France, Germany and the United Kingdom rose 7.8 percent, surging past analysts' expectation of a 5.30 percent gain.

McDonald's U.S. restaurants also topped sales estimates due to increased customer visits and higher menu prices.

Excluding items, the company earned $1.79 per share, beating the estimate of $1.67.

Net income rose to $1.38 billion, or $1.72 per share, from $1.21 billion, or $1.47 per share, a year earlier.

Revenue fell 9 percent to $5.14 billion but edged past the estimate of $4.98 billion.

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