McDonald's comps slip in Q1, profit inches up
Oak Brook, Ill. -- McDonald's Corp. reported Friday that net income for the quarter ended March 31 rose about 1% to $1.27 billion, from $1.26 billion last year. Total revenue also rose 1%, to $6.6 billion from $6.5 billion.
Same-store sales dipped, however, impacted said McDonald’s by a tightened eating-out environment during the quarter.
At home, same-store sales dipped 1.2%.
"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 Don Thompson, president and CEO.