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McDonald's (MCD) Q1 Earnings and Revenues Top Estimates

McDonald's Corp.MCD is a leading fast-food chain that offers various food items, soft drinks, coffee, and other beverages, as well as breakfast menus. The company aims to continuously build its brand by adapting to changing consumer preference.

McDonald's comps have improved in its key regions over the last few quarters on the back of the company's strategic efforts to boost sales. It has been focusing on operational excellence, product innovation, undertaking efficient marketing and promotions, offering a value menu, and rolling out more limited-time offerings to improve guest count - which remains the company's top priority - and drive the top line.

Meanwhile, efforts to enhance digital capabilities, increased focus on delivery and accelerated deployment of Experience of the Future restaurants in the United States should further drive growth.

However, a slowdown in emerging markets and soft industry growth has been hurting sales while high costs along with negative currency translation is denting the company's profitability.

Investors should note that over the past month, 5 estimates have gone higher for McDonald's while 3 have gone lower in the same time period. Meanwhile, MCD's earnings have been strong over the past few quarters. In fact, the company's earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average beat of 6.57%.

MCD currently has a Zacks Rank #3 (Hold) but that could change following McDonald's earnings report which was just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings : MCD beats on earnings. Our consensus earnings estimate called for earnings per share of $1.67, and the company reported adjusted earnings of $1.79 per share.

Revenues : MCD reported revenues of nearly $5.14 billion. This surpassed our consensus estimate of $4.93 billion.

Key Stats to Note : Global comps for the first-quarter 2018 grew 5.5%. The quarter marked the 11 th consecutive quarters of positive comps and fifth consecutive quarter of positive guest counts.

Check back later for our full write up on this MCD earnings report!

McDonald's Corporation Price, Consensus and EPS Surprise

McDonald's Corporation Price, Consensus and EPS Surprise | McDonald's Corporation Quote

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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