McDonald's (MCD) March Global Comps Up 5.3%, Sees Q1 EPS of $0.49
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Price: $269.13 +0.63%
Financial Fact:
Sales by Company-operated restaurants: 3.97B
Today's EPS Names:
EDXC, BICX, FBPI, More
Financial Fact:
Sales by Company-operated restaurants: 3.97B
Today's EPS Names:
EDXC, BICX, FBPI, More
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McDonald's Corporation (NYSE: MCD) announced today that global comparable sales rose 5.3% in March.
Comparable sales in the U.S. were up 6.6% driven by breakfast and the convenience of extended operating hours. Europe's comparable sales grew 1.6% in March led by strong performance in France and Russia. Asia/Pacific, Middle East and Africa, comparable sales for March were up 5.0%, led by strong results in Australia and improved results in China.
First quarter 2006 earnings are expected to be about $0.49 per share, including a $0.01 negative impact from foreign currency exchange rates. Also included is $0.045 per share of expense primarily related to previously announced actions taken for a limited number of restaurant closings in the U.K. In addition, 2006 results included a gain of $0.035 per share due to the IPO of Chipotle Mexican Grill and the concurrent sale of Chipotle shares. The current Wall Street consensus is $0.49.
Comparable sales in the U.S. were up 6.6% driven by breakfast and the convenience of extended operating hours. Europe's comparable sales grew 1.6% in March led by strong performance in France and Russia. Asia/Pacific, Middle East and Africa, comparable sales for March were up 5.0%, led by strong results in Australia and improved results in China.
First quarter 2006 earnings are expected to be about $0.49 per share, including a $0.01 negative impact from foreign currency exchange rates. Also included is $0.045 per share of expense primarily related to previously announced actions taken for a limited number of restaurant closings in the U.K. In addition, 2006 results included a gain of $0.035 per share due to the IPO of Chipotle Mexican Grill and the concurrent sale of Chipotle shares. The current Wall Street consensus is $0.49.
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