McDonald s sales growth breaches 2019 levels as pandemic curbs ease Reuters 4 hrs ago © Reuters/BENOIT TESSIER FILE PHOTO: The McDonald s company logo stands on a sign outside a restaurant in Bretigny-sur-Orge, near Paris
(Reuters) -McDonald s Corp on Thursday smashed Wall Street estimates for comparable sales and returned to pre-pandemic levels of growth as the easing of COVID-19 restrictions in a number of its largest markets revived customer traffic at restaurants.
First-quarter global comparable sales growth of 7.5% surpassed pre-pandemic 2019 levels, Chief Executive Officer Chris Kempczinski said. Those numbers trounced expectations of a 4.71% growth, according to analysts polled by Refinitiv IBES data.
An intense vaccination drive and the distribution of relief checks are encouraging more people in the United States to eat out.
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