McDonald’s on Tuesday reported a better-than-expected increase in quarterly sales at established U. restaurants, helped by promotions on beverages as well as the launch of signature crafted sandwiches.
McDonalds’ sales at US restaurants open at least 13 months rose 3.9 per cent in the second quarter that ended on June 30th, beating the 3.2 per cent increase analysts on average had expected, according to research firm Consensus Metrix.
Global same-restaurant sales climbed 6.6 per cent, the biggest increase in more than five years, helped by higher traffic across all segments.
Net income rose to $1.40 billion, or $1.70 per share in the quarter, from $1.09 billion, or $1.25 per share, a year earlier.
McDonald’s shares rose 2.1 per cent to $155 in premarket trade.
- Reuters
