McDonald's Earnings Come In Line With Expectations, Same-Store Sales Fall
EPS came in at $1.26, which is right in line with expectations.
Global comparable store sales fell by 1.0%, which was a bit better than the 1.1% decline expected.
The stock is down ahead of the U.S. trading session.
"While the Company's results for the quarter reflected difficult prior year comparisons and the ongoing impact of global economic headwinds, we continue our efforts to build market share and deliver sustained profitable growth for all stakeholders," said CEO Don Thompson.
Here's a break down of comps:
- U.S.: -1.2%, est. -1.1%
- Europe: -1.1%, est. -0.8%
- Asia Pacific, Middle East, Africa: -3.3%, est -3.8%
"As we move forward, top-line comparisons will begin to ease while the challenging global environment and bottom-line pressures are expected to persist," he added. "For the month of April, global comparable sales are expected to be slightly negative."