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<Results> McDonald's Corporation (MCD.US) 1Q Revenue and Profit Beat; Warns of Marked Slowdown in 2Q
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 f...
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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%.

Related NewsPPI MoM for Apr in United States is 1.4%, higher than the previous value of 0.7%. The forecast was 0.5%.
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)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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