McDonald's (MCD) Tops Q1 EPS by 7c; Comps Rose 6.2%, Topping Views

McDonald's (NYSE: MCD) reported Q1 EPS of $1.23, $0.07 better than the analyst estimate of $1.16. Revenue for the quarter came in at $5.9 billion versus the consensus estimate of $5.82 billion.

Comps rose 6.2 percent, versus up 4.5 percent expected.

• In the U.S., first quarter comparable sales increased 5.4 percent
• Comparable sales for the International Lead segment increased 5.2 percent for the quarter
• In the High Growth segment, first quarter comparable sales increased 3.6 percent

"McDonald's brand and business is built on offering delicious food and beverages through unmatched convenience and compelling value," said McDonald's President and Chief Executive Officer Steve Easterbrook. "The turnaround plan we announced last year is grounded in enhancing these critical customer-driven elements, and I'm pleased to report that our turnaround is taking hold. The ongoing investments we're making in running great restaurants and delivering what matters most to our customers are beginning to yield sustained positive results. For the quarter, we generated higher sales, revenues and operating income in constant currencies across all business segments."

For earnings history and earnings-related data on McDonald's (MCD) click here.

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