McDonald’s 1st-Quarter Results Beat on Price Hikes, More Visits

McDonald’s Corp. beat Wall Street expectations for quarterly global comparable sales and profit on Tuesday, boosted by higher menu prices and more customer visits.
The burger chain’s shares rose about 1 percent in premarket trading, as comparable sales jumped by 12.6 percent for all of McDonald’s geographical segments.
Global comparable sales also climbed 12.6 percent, blasting past analysts’ estimates of an 8.5 percent rise, according to Refinitiv IBES data.
The Chicago-based company kicked off quarterly earnings reports among publicly traded restaurants. Investors expect to see strong sales but will be listening for warnings about whether consumers will keep dining out as recessionary pressure builds through the rest of the year….