McDonald’s Corp.’s first-quarter results beat estimates as it gets a boost from delivery in its home market, plus new breakfast items that keep diners coming in outside the lunch rush.
Convenience-craving customers helped push same-store sales up 4.5 percent in the U.S., beating the 3 percent gain analysts had expected. Sales by that measure rose 5.4 percent globally, surpassing Consensus Metrix estimates.
McDonald’s has been counting on delivery to fuel sales, especially in the fiercely competitive U.S. market. While it has a partnership with Uber Eats, it may also turn to other providers as franchisees seek higher profits related to the service.
The fast-food giant has been working to regain morning diners with new breakfast items now that the original buzz over all-day breakfast has died down.
