UPDATE: McDonald's (MCD) Misses Q1 EPS by 1c; Comps Down 1%; Sees Neg. April Comps

(Updated - April 19, 2013 8:16 AM EDT)

McDonalds Corp. (NYSE: MCD) reported Q1 EPS of $1.26, versus the analyst estimate of $1.27. Revenue for the quarter came in at $6.61 billion versus the consensus estimate of $6.59 billion.

It was a period of 1 percents for McDonald's:

• Global comparable sales decreased 1.0 percent;
  
  
• Consolidated revs fell 1 percent;
  
  
• Operating income dropped 1 percent; and
  
  
• SG&A rose 1 percent (to $596.5 millon).

U.S. comps fell 1.2 percent, Europe dropped 1.1 percent, and Asia/Pacific, Middle East and Africa (APMEA) saw a 3.3 percent decline.

Europe gains were led by the U.K. and Russia, partly offset by Germany.

"While the Company's results for the quarter reflected difficult prior year comparisons and the ongoing impact of global economic headwinds, we continue our efforts to build market share and deliver sustained profitable growth for all stakeholders," commented CEO Don Thompson. "As we move forward, top-line comparisons will begin to ease while the challenging global environment and bottom-line pressures are expected to persist. For the month of April, global comparable sales are expected to be slightly negative. We are confident that we have the right plans in place to differentiate the McDonald's experience and strengthen our business momentum for the long term."

For earnings history and earnings-related data on McDonalds Corp. (MCD) click here.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Integer Holdings Corp (ITGR) Tops Q1 EPS by 2c ; Offers Guidance
• West Bancorporation (WTBA) Tops Q1 EPS by 8c
• United Bankshares (UBSI) Misses Q1 EPS by 1c