The McDonald’s (MCD) logo is seen in Los Angeles, California.
Lucy Nicholson | Reuters
McDonald’s On Thursday, he reported mixed quarterly results since their sales in the same store fell to the second consecutive quarter, registering its greatest national decline since the appearance of the Covid pandemic.
This is what the company reported compared to what Wall Street expected, based on an LSEG analysts survey:
- Gains per share: $ 2.67 adjusted compared to $ 2.66
- Income: $ 5.96 billion compared to $ 6.09 billion expected
The fast food giant reported a net income of the first quarter of $ 1.87 billion, or $ 2.60 per share, below $ 1.93 billion, or $ 2.66 per share, a year earlier.
Excluding restructuring positions and other articles, McDonald’s won $ 2.67 per share.
Only sales fell 3% to $ 5.96 billion. Sales of the same company of the company fell 1% duration of the quarter, hurt by the day jump of last year and a more anticipated performance in the United States in the United States
The sales of the same McDonald’s store in the same store were reduced 3.6% as the chain faced bad weather and a more cautious consumer. That fall is the sausage in the local McDonald’s market since the 8.7% drop rotates the second quarter of 2020, when the states imposed blockages to stop the propagation of COVID.
Analysts surveyed by Street account were expanded to inform a national sales decrease in the same 1.7% stores for the first quarter.
In February, CFO Ian Signs said that the first quarter was the low point for sales in the same McDonald store, partly due to a weak start in the United States.
For its part, McDonald’s has already said that the plans to lean at value meals and buzzing menu elements, such as the return of their snack wraps, to take diners to their restaurants this year.
Outside the United States, McDonald’s saw that sales in the same store fell 1% in their operated international markets, which include Australia and France. The segment includes the largest international markets in McDonald’s and represents approximately half of its income. The analysts had projected flat sales of the same store in the segment for the quarter.
The International Markets Division of the Company Development Licensers reported a sales growth in the same 3.5%store, exceeding analysts’ estimates or 3.2%. That segment includes Japan, China and Brazil.
This story is developing. Consult the updates again.
– Robert Hum of CNBC contributed to this report.
