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<Results> McDonald's Corporation (MCD.US) 1Q Revenue and Profit Beat; Warns of Marked Slowdown in 2Q
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McDonald's Corporation (MCD.US) reported a 9.4% YoY increase in 1Q revenue to USD6.517 billion, exceeding analysts' consensus expectations. Adjusted EPS was USD2.83, also beating forecasts. Global comparable sales rose 3.8% in 1Q, with US comparable sales up 3.9%, International Operated Markets up 3.9%, and International Developmental Licensed Markets up 3.4%. McDonald's Corporation said it is attracting customers by launching more value meal options and larger burgers, but warned that deteriorating consumer confidence will weigh on performance in 2Q. CEO Chris Kempczinski cautioned that, due to a surge in oil prices triggered by the Iran war and last year's high base from successful promotional campaigns, 2Q results are expected to slow markedly. (mn/w) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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