The American fast-food giant, McDonald’s Corporation (MCD) announced this week its first-quarter earnings for the year on April 30, 2019.
As per reports, McDonald’s President and Chief Executive Officer Steve Easterbrook stated “We started the year strong with our 15th consecutive quarter of positive global comparable sales, reflecting continued broad-based momentum across each of our global segments,”
The quarter earnings looked positive, below are some of the highlights:
- Global comparable sales increased by 5.4%.
- A return of $1.9 billion was given to shareholders, through repurchases and dividends.
- 6% increase in Systemwide sales was observed.
- Operating income decreased by 2% however, an increase of 3% was observed in constant currency.
The company’s new promotions like the Bacon Event and Donut Sticks along with its “Experience of the Future” deployment have yielded good returns In the United States resulting in an increase in sales by 4.5%. Further, the company has experienced gain in the International market by 6%, especially France and U.K.
McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly 37,000 locations in over 100 countries. The Corporation operates and franchises McDonald’s restaurants in the US and across the globe with over 90% of its restaurants owned and operated by local, independent businessmen and women. To learn more about McDonald’s Corporation (MCD) and to track its progress please visit the Vista Partners McDonald’s Coverage Page.
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