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Updated / Thursday, 29 Apr 2021
14:07
McDonald s said that its first-quarter global comparable sales growth of 7.5% surpassed pre-pandemic 2019 levels
McDonald s has beaten Wall Street estimates for comparable sales and said it returned to pre-pandemic levels of growth, driven by eased Covid-19 restrictions in some markets and US customers - flush with stimulus cash - craving new chicken meals.
First-quarter global comparable sales growth of 7.5% surpassed pre-pandemic 2019 levels, chief executive Chris Kempczinski said.
That trounced the 4.71% growth expected by analysts polled by Refinitiv IBES data.
The fast-food chain also raised its 2021 systemwide sales outlook to the mid-teens from the low double-digits.
An intense vaccination drive and the distribution of relief checks encouraged more people in the US to eat out.