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%.
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.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Costco Wholesale Corporation (NASDAQ: COST), which operates a chain of membership warehouses, on Tuesday reported results for the fourth quarter of fiscal 2024. The company posted revenues of $78.9 billion
Shares of McCormick & Company Inc. (NYSE: MKC) were down on Tuesday. The stock has fallen 19% over the past three months. The spices and seasonings maker is scheduled to report its
Cintas Corporation (NASDAQ: CTAS) reported first quarter 2024 earnings results today. Revenue was $2.34 billion, up 8.1% from the same period last year. Organic revenue growth was also 8.1%. Net