BETTER THAN EXPECTED
All-day breakfasts help boost McDonald’s quarterly revenue
International restaurant sales of the world’s largest fast-food chain beat expectations
Bengaluru — McDonald’s’ US comparable restaurant sales fell less than analysts had expected in the fourth quarter as strong demand for its all-day breakfast brought more people to its restaurants. The operator of the world’s largest fast-food chain posted overall quarterly revenue that beat analysts’ expectations. The company’s stock initially rose in premarket trading on Monday, before reversing course to trade down 0.38% at $121.95. Sales at established McDonald’s restaurants in the US declined 1.3% in the three months ended December 31, hurt in part by the high bar set by the debut of the all-day breakfast in October 2015. Analysts on average were expecting a drop of 1.4%, according to research firm Consensus Metrix. McDonald’s’ comparable international restaurant sales beat expectations due to a strong performance in the UK, China, Japan and certain markets in Latin America. Sales at international restaurants open at least 13 months rose 2.7%, edging past analysts’ average estim...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.