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McDonald's US comparable sales growth beats estimates

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McDonald's Corp reported a higher-than-expected rise in comparable sales at its US restaurants as its all-day breakfast offerings brought in more customers.

[NEW YORK] McDonald's Corp reported a higher-than-expected rise in comparable sales at its US restaurants as its all-day breakfast offerings brought in more customers.

Sales at US restaurants open for at least 13 months rose 5.4 per cent in the first quarter. Analysts on average had expected a rise of 4.6 per cent, according to research firm Consensus Metrix.

The net income attributable to the company rose to US$1.1 billion, or US$1.23 per share, in the quarter ended March 31 from US$811.5 million, or 84 cents per share, a year earlier.

Total revenue fell 1 per cent to US$5.90 billion.

REUTERS