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Shares of the world's biggest restaurant chain rose 2.4 percent
to $128.80 in premarket trading on Friday.
Sales at U.S. restaurants open for at least 13 months rose 5.4
percent in the first quarter. Analysts on average had expected a
rise of 4.6 percent, according to research firm Consensus Metrix.
McDonald's All-Day Breakfast program, launched in October under
new Chief Executive Steve Easterbrook, has been a hit with U.S.
customers looking for cheaper options.
The company also found many takers for its McPick 2 promotional
offer, under which a customer could pick any two items from a
menu that included its Big Mac burger and Quarter Pounder with
Cheese burger for $5.
The popularity of the all-day breakfast concept has increased
customer traffic to McDonald's outlets, boosting sales of its
non-breakfast offerings, Trefis analysts wrote in a note on
Thursday, citing data from research firm NPD Inc.
The net income attributable to McDonald's jumped more than 35
percent to $1.1 billion, or $1.23 per share, in the quarter
ended March 31.
Net revenue fell 1 percent to $5.90 billion, the smallest
decline in seven quarters.
Analysts on average had expected a profit of $1.16 per share and
revenue of $5.82 billion, according to Thomson Reuters I/B/E/S.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by
Kirti Pandey)
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