McDonald's shares rise after earnings, revenue beat

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Kiosks for ordering food sit in the dining area of a McDonald’s restaurant located inside the company’s new corporate headquarters on June 4, 2018 in Chicago.

Scott Olson | Getty Images

McDonald’son Tuesday reported quarterly earnings and revenue that topped analysts’ expectations.

Shares of the company rose 3% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.78, adjusted, vs. $1.75 expected
  • Revenue: $4.96 billion vs. $4.93 billion expected
  • Same-store sales: up 5.4% vs. 3.4% increase

The Chicago-based company reported fiscal first-quarter net income of $1.33 billion, or $1.72 per share, unchanged from a year earlier.

Excluding items, McDonald’s earned $1.78 per share, beating the $1.75 per share expected by analysts surveyed by Refinitiv.

Net sales dropped 4% to $4.96 billion, topping expectations of $4.93 billion. Excluding currency fluctuations, revenue increased by 2%. The negative impact of the company’s refranchising initiative partially offset its strong same-store sales.

This story is developing. Please check back for updates.

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