MCD - McDonald's Analysts Slash Their Forecasts Following Q1 Results | Benzinga
McDonald’s Corp (NYSE:MCD) reported mixed first-quarter results on Tuesday.
McDonald’s reported first-quarter FY24 sales growth of 4.6% year-on-year to $6.17 billion, beating the analyst consensus estimate of $6.155 billion. Adjusted EPS of $2.70 missed the consensus estimate of $2.72, according to data from Benzinga Pro.
Global comparable sales rose 1.9%, marking 13 consecutive quarters of positive comparable sales growth.
U.S. comparable sales rose 2.5%, and systemwide sales increased 3%. Sales by company-owned and operated restaurants increased 6% Y/Y ...