Summary Box: McDonald's reports higher 1Q profit

Summary Box: McDonald's reports higher first-quarter profit as sales grow

Associated Press

THE BOTTOM LINE: McDonald's Corp. said its net income rose 5 percent in the first quarter, which was in line with Wall Street expectations.

DRIVING THE NUMBERS: The fast food chain said global sales rose 7.3 percent at restaurants open at least a year, driven by gains from all regions. The figure is key metric because it excludes the impact of newly opened stores.

LOOKING AHEAD: In April, the fast food chain expects the figure to increase another 4 percent. But the world's biggest hamburger chain is also facing pressures; costs for ingredients are expected to rise between 4.5 percent and 5.5 percent this year, which is in line with last year's increases.

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