Categories AlphaGraphs, Consumer, Earnings

MCD Earnings: McDonald’s comp sales up 12.6% in Q1; profit increases

Fast-food chain McDonald’s Corporation (NYSE: MCD) on Tuesday reported an increase in adjusted earnings for the first quarter of 2023 when its revenues rose 4%.

McDonald’s Q1 2023 earnings infographic

The company said first-quarter adjusted profit increased to $2.63 per share from $2.28 per share in the comparable period of 2022. Unadjusted earnings rose to $1.80 billion or $2.45 per share in the March quarter from $1.10 billion or $1.48 per share a year earlier.

Global comparable store sales moved up 12.6% annually. At $5.89 billion, first-quarter net revenue was up 4% year-over-year.

“We have refocused on operational excellence through our global Performance and Customer Excellence (PACE) initiative, and we’ve seen significant customer satisfaction improvement around the world. Amidst a challenging operating environment, customer demand for McDonald’s Brand remains strong,” said McDonald’s chief executive officer Chris Kempczinski.

Prior Performance

  • McDonalds’ Q4 2022 earnings infographic
  • McDonalds-Q3-2022-Earnings-Infographic
  • McDonald’s Q2 2022 earnings infographic
  • McDonald's Q1 2022 Earnings Infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top