Thursday, April 29, 2021

McDonald's Q4 Profit Rises 39%, Tops Estimates

Fast-food giant McDonald's Corp. reported Thursday a profit for the first quarter that increased 39 percent from last year, reflecting stronger operating performance in the U.S. due to higher sales-driven restaurant margins. Global comparable sales also grew 7.5 percent. Adjusted earnings per share topped analysts' expectations, while quarterly revenues missed it.

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