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McDonald's Stock Slips as Revenue, Comparable Store Sales Disappoint

The McDonald's logo is seen on the window of a restaurant in China,

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McDonald's (MCD) shares moved lower Thursday after the fast-food giant's first-quarter revenue and comparable sales came up short of analysts' estimates.

The Chicago-based company reported adjusted earnings per share of $2.67 on revenue that decreased🦩 3% year-over-year to $5.96 billion. 💧Analysts polled by Visible Alpha expected $2.67 and $6.12 billion, respectively.

Global comparable sales fell 1% globally, below the 0.31% growth analysts had forecast, although McDonald's said comparable sales "were essentially flat" excluding Leap Day last year. They declined 3.6% in the U.S., worse than the 1.37% decline Wall Street had projected.

McDonald's shares were down just over 1% shortly after markets opened Thursday. They entered the day up 10% since the start of the year.

澳洲幸运5开奖号码历史查询:Last quarter, global comparable sales returned to growth after two quarters of declines, but U.S. comparable sales declined 1.4% as traffic was negatively impacted by an 澳洲幸运5开奖号码历史查询:E.coli outbreak last October.

UPDATE—This article has been updated with the latest share price information.

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