In Q1 2018, the profit and gains of McDonald’s Corp., the world’s largest chain of fast food restaurants, were higher than the experts’ forecasts.
As reported in McDonald’s press release, in January –March, the net profit increased up to $1.38 bln, or $1.72 per share, from $1.21 bln, or $1.47 per share, for the same period of the previous year, delo.ua reports.
Not taking into account one-time factors, the profit was $1.79 per share.
McDonald’s quarterly profit decreased to $5.14 bln from $5.86 bln one year earlier that is associated by the implementation of strategic initiative of transferring its restaurants to franchising.
The experts, surveyed by FactSet, on the average, forecast the corrected company’s profit at $1.67 per share, gains - $4.97 bln.
In Q1, the global sales of McDonald’s restaurants, opened not less than 13 months ago, increased by 5.5% that was much better than the increase by 3.6%, expected by the analysts.
In the U.S., the sales of such restaurants increased by 2.9% that is coincident with the consensus forecast, due to the price increase, contributing to the increase of the average amount of the receipt.
