NEW YORK: McDonald’s reported higher first-quarter profits on Thursday, led by strength in the US and some overseas venues that offset weakness in other markets due to ongoing Covid-19 restrictions.
Growth in sales in delivery and digital platforms helped ensure that “our first quarter 2021 global comparable sales and revenues surpassed first quarter 2019 levels, even as resurgences and operating restrictions persist in many parts of the world”, said Chief Executive Chris Kempczinski. Net income rose 39% from the year-ago period to US$1.5 billion on a 9% increase in revenues to US$5.1 billion.
Strong markets included China and Japan. Britain, Australia and Canada also saw positive comparable sales.
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