2023-04-25 07:03:40 ET
- McDonald's press release ( NYSE: MCD ): Q1 Non-GAAP EPS of $2.63 beats by $0.29 .
- Revenue of $5.9B (+4.1% Y/Y) beats by $320M .
- Comparable sales increased nearly 13% for the quarter, both globally and across each segment.
- Digital Systemwide sales in company's top six markets were nearly $7.5 billion for the quarter, representing almost 40% of their Systemwide sales.
- Systemwide sales increased 9%.
- "Our strong first quarter results demonstrate that our Accelerating the Arches strategy is working, as comparable sales grew 12.6% through a healthy balance of strategic menu price increases and positive traffic growth," said Chris Kempczinski, McDonald's President and Chief Executive Officer. "Running great restaurants is fundamental to our business momentum. We have refocused on operational excellence through our global Performance and Customer Excellence (PACE) initiative, and we've seen significant customer satisfaction improvement around the world. Amidst a challenging operating environment, customer demand for McDonald's Brand remains strong."
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McDonald's Non-GAAP EPS of $2.63 beats by $0.29, revenue of $5.9B beats by $320M