YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
McDonald's posted earnings that were better than analysts expected, according to CNBC.
Net income moved up to $1.38 billion from $1.21 billion a year earlier. Excluding items, the company posted share earnings of $1.79 per share, above the $1.67 analysts were looking for.
"We continued to build upon the broad-based momentum of our business, marking 11 consecutive quarters of positive comparable sales and our fifth consecutive quarter of positive guest counts," McDonald's CEO Steve Easterbrook said.
The improved earnings follow the implementation of a new $1-$3 Dollar Menu.
Read more from CNBC.
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