U.S. Markets open in 4 hrs 38 mins
  • S&P Futures

    4,297.75
    -10.00 (-0.23%)
     
  • Dow Futures

    34,065.00
    -53.00 (-0.16%)
     
  • Nasdaq Futures

    13,603.50
    -54.75 (-0.40%)
     
  • Russell 2000 Futures

    2,019.50
    -3.80 (-0.19%)
     
  • Crude Oil

    86.64
    +0.11 (+0.13%)
     
  • Gold

    1,788.70
    -1.00 (-0.06%)
     
  • Silver

    20.00
    -0.09 (-0.45%)
     
  • EUR/USD

    1.0168
    -0.0003 (-0.0305%)
     
  • 10-Yr Bond

    2.8240
    0.0000 (0.00%)
     
  • Vix

    19.82
    -0.13 (-0.65%)
     
  • GBP/USD

    1.2096
    +0.0001 (+0.0109%)
     
  • USD/JPY

    134.8020
    +0.5870 (+0.4374%)
     
  • BTC-USD

    23,825.70
    -183.70 (-0.77%)
     
  • CMC Crypto 200

    568.53
    -3.39 (-0.59%)
     
  • FTSE 100

    7,540.93
    +4.87 (+0.06%)
     
  • Nikkei 225

    29,222.77
    +353.86 (+1.23%)
     
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

McDonald's sales beat expectations

·Reporter
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

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.”

Bangkok, Thailand - September 19, 2015: A box of Mc Donalds French Fries on a wooden tray.
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.

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit.

More from Heidi:

Domino's reports weak Q1 sales, but shares spike on profit beat

Zoom prices IPO at $36 per share

The U.S. economy adds 196,000 jobs, beating expectations

Key factors to consider before jumping into hot IPOs, according to UBS