Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 26 2017

​McDonald's shares remarkably rises in the first quarter

McDonald's shares have risen 10 per cent since the beginning of the year, while the Standard & Poor's 500 index has climbed 6 per cent.

McDonald's says a key sales figure rose in the first quarter, including in the flagship US market where it has been promoting different sizes of Big Macs and drink deals.

One of the world's largest burger chain says global sales rose 4 per cent at established locations. In the US, the figure rose 1.7 per cent as the company pushes to revive its business by improving the image of its food.

The push includes plans to use fresh instead of frozen beef for its Quarter Pounders starting sometime next year.

The Oak Brook, Illinois company did not immediately say whether the higher sales in the US reflected higher customer visits, higher average spending per visit, or a mix of both. 

McDonald's has said it would work on increasing customer visits, after suffering four straight years of declines in the metric. But it noted that its US business "continues to focus its efforts on driving guest count growth."

For the quarter, McDonald's Corp. reported a profit of $1.21 billion, or $1.47 per share. Analysts expected $1.32 per share, according to Zacks Investment Research.

Total revenue was $5.68 billion, also beating the $5.48 billion analysts expected.

McDonald's shares have risen 10 per cent since the beginning of the year, while the Standard & Poor's 500 index has climbed 6 per cent.

Comment
image
Related opportunities
  • After School Activities
    About Us: Kumon is the world’s leading after-school enrichment programme. Founded..
    Locations looking for expansion New Delhi
    Establishment year 1958
    Franchising Launch Date 2005
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • CAD/CAM/CAE & Multimedia
    About Us : Frameboxx Animation & Visual Effects offers skill-based curricula..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2008
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: Established in August 2015, Hashtag Foods is a headed..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi New Delhi
  • Imitation/Art/Junk Jewellery
    About Us: Since1998, Mukesh Lakhara has had one aim – to..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities