McDonald’s earnings reach $1.8bln in Q1

McDonald’s announced on Tuesday that its revenues and earnings in the first quarter of 2023 have reached $1.8 billion, the revenues exceeded the expectations, as the company continues to sell more of its iconic burgers.

The company’s share have a value of 2.63 dollars per share in comparison to expectations of 2.33 dollars per share. The revenues reached $ 5.9 billion in comparison to expectations of $5.59 billion.

The company announced a net income of $1.8 billion in the first quarter of 2023 or $ 2.45 per share, increasing from $1.1 billion or $1.48 per share during the same period last year. While, sales grow by four percent to $ 5.9 billion.

McDonald’s have witnessed huge sale in countries other than the U.S. as well.