Categories AlphaGraphs, Earnings, Retail

McDonald’s stock gains as Q1 results beat expectations

McDonald’s Corporation (NYSE: MCD) topped market estimates on both revenue and earnings for the first quarter of 2019. Shares were up 1% in premarket hours on Tuesday.

Consolidated revenues fell 4% year-over-year to $4.96 billion, but came ahead of forecasts of $4.95 billion. Revenues increased 2% in constant currencies. The results reflected strong comparable sales, partly offset by the impact of the strategic refranchising initiative.

McDonald's reports first quarter 2019 earnings results

Reported net income fell 3% to $1.32 billion while EPS remained flat at $1.72, compared to the prior-year quarter. Adjusted EPS amounted to $1.78, topping estimates of $1.73.

Sales from company-operated restaurants fell 12% year-over-year to $2.2 billion while revenues from franchised restaurants grew 4% to $2.7 billion.

Global comparable sales grew 5.4%, reflecting strong comparable sales across all segments, and marking the company’s 15th consecutive quarter of positive global comparable sales. Systemwide sales rose 6% in constant currencies.

In the US, the success of promotions such as the Bacon Event, the 2 for $5 Mix and Match deal, and Donut Sticks, coupled with a positive impact from the Experience of the Future deployment, helped drive a 4.5% growth in comparable sales.

In the International Operated segment, comp sales rose 6%, reflecting positive results across all markets, driven mainly by the UK and France. In the International Developmental Licensed segment, comp sales increased 6%, reflecting positive sales performance across all geographic regions.

 

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

ADBE Earnings: Adobe reports higher Q2 earnings; results beat estimates

Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in second-quarter 2024 revenue and earnings. The results also topped expectations. Second-quarter revenues came in at $5.31 billion,

Dollar Tree (DLTR): A look at the discount retailer’s growth initiatives at its namesake banner

Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down over 1% on Thursday. The stock has dropped 24% year-to-date. The company delivered sales and GAAP earnings growth for the first

Key highlights from Signet Jewelers’ (SIG) Q1 2025 earnings results

Signet Jewelers Limited (NYSE: SIG) reported first quarter 2025 earnings results today. Sales decreased 9.4% year-over-year to $1.5 billion. Sales were down 9.6% on a constant currency basis. Same-store sales

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