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19.05 - 09:13
McDonald's comes roaring back as restrictions ease
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As America emerges from the pandemic, it's heading to McDonald's. First quarter sales surpassed numbers even two years ago, long before COVID-19, led by a big jump in U.S.
demand. McDonald's revenue rose 9% to $5.1 billion for the January-March period. That beat Wall Street's forecast of $5 billion, according to analysts polled by FactSet.
Last year at this time stores were closing globally and the world sheltered from spiking COVID-19 infections, so an improvement in sales during the same stretch this year was expected.
However, the bounce back has been so strong, McDonald's topped first-quarter sales of $4.95 billion in 2019. U.S. same-store sales, or sales at locations open at least a year, rose 14% in the January-March period.
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