McDonald's (MCD) Tops Q1 EPS by 14c

McDonald's (NYSE: MCD) reported Q1 EPS of $1.47, $0.14 better than the analyst estimate of $1.33. Revenue for the quarter came in at $5.68 billion versus the consensus estimate of $5.51 billion.

First quarter highlights:

• Global comparable sales increased 4.0%, reflecting positive comparable sales in all segments while up against an extra day in 2016 due to leap year
• Consolidated revenues decreased 4% (3% in constant currencies), due to the impact of refranchising
• Consolidated operating income increased 14% (16% in constant currencies)
• Diluted earnings per share of $1.47 increased 18% (19% in constant currencies)
• Returned $1.6 billion to shareholders through share repurchases and dividends, in connection with our target to return between $22 and $24 billion to shareholders for the three-year period ending 2019

In the U.S., first quarter comparable sales increased 1.7%, building upon strong prior year results that benefited from the launch of All Day Breakfast.

(Article updated with global comp data).

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

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