McDonald's revenue tops pre-pandemic levels, fueled by the strong U.S. recovery

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McDonald's beat Wall Street's estimates for its quarterly earnings as net sales topped pre-pandemic levels.

The United States saw same-store sales growth of 13.6% during the quarter.People wear protective face masks outside McDonald's in Times Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 18, 2020 in New York City.on Thursday beat Wall Street's estimates for its quarterly earnings as net sales topped pre-pandemic levels.

The fast-food giant reported fiscal first-quarter net income of $1.54 billion, or $2.05 per share, up from $1.11 billion, or $1.47 per share, a year earlier. Net sales rose 9% to $5.12 billion, beating expectations of $5.03 billion. Global same-store sales climbed 7.5% in the quarter, surpassing 2019 levels.

 

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McDonald's app is so user’s friendly that every customer can easily pay while in queue at same time. Further If the customer places an order online from a distance, McDoland still does not charge immediately, until customer arrives near restaurant and informs through app.

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