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McDonald's sales beat expectations

Heidi Chung
Reporter

McDonald’s (MCD) reported strong sales during the first quarter.

Same-store sales, a key metric for restaurants, grew at 4.5% domestically, while analysts anticipated roughly 3% same-store sales growth.

Global same-store sales were also stronger than expected - jumping 5.4% during the quarter. Analysts were estimating about 3.5% growth globally.

“We started the year strong with our 15th consecutive quarter of positive global comparable sales, reflecting continued broad-based momentum across each of our global segments,” CEO Steve Easterbrook said in a statement. “We remain focused on running better restaurants and elevating the experience for our customers by providing convenience on their terms through delivery, Experience of the Future, and our evolving digital channels.”

A box of Mc Donalds French Fries on a wooden tray.

McDonald’s has been aggressively working on its digital plan to help boost sales and bring back customers. During the first quarter, the McDonald’s announced that it had acquired a company called Dynamic Yield, which focuses on using technology to personalize customer experiences. McDonald’s will be using Dynamic Yield’s tech to create a unique experience for customers who use the drive-thru experience at its restaurants.

The burger giant earned $1.78 per share, exceeding consensus estimates for $1.75 per share, according to data compiled by Bloomberg.

Meanwhile, revenue during the quarter came in at $4.96 billion. Analysts were expected McDonald’s to report revenue of $4.93 billion.

McDonald’s shares were soaring 3% in pre-market trade Tuesday. The earnings conference call will kick off at 11 a.m. ET.

Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.

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