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McDonald's Reports 1st-Quarter Sales, Income Growth

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McDonald's Reports 1st-Quarter Sales, Income Growth

Business

McDonald's Reports 1st-Quarter Sales, Income Growth

McDonald's Reports 1st-Quarter Sales, Income Growth

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  • <iframe src="https://www.npr.org/player/embed/135599134/135599388" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The world's biggest burger chain reported Thursday that first-quarter sales grew to about $6 billion, nearly 10 percent higher than the first quarter of last year, and net income grew nearly 11 percent. McDonald's cited strong sales of new products like specialty coffees, smoothies and oatmeal, and modernization efforts like updating lighting and seating, and adding more 24-hour outlets.

MARY LOUISE KELLY, Host:

NPR's business news starts with tasty earnings for McDonald's.

(SOUNDBITE OF MUSIC)

LOUISE KELLY: The world's biggest burger chain is even bigger now. Today, McDonald's said first-quarter sales grew to about $6 billion. That's nearly 10 percent higher than the first quarter of last year. The company pointed to strong sales of new products, like lattes, smoothies and oatmeal. And it cited efforts to modernize its outlets. McDonald's has been updating lighting and seating, and more of its restaurants are open 24/7.

Shareholders may also be smacking their lips: McDonald's net income - that's profits - for the latest quarter grew nearly 11 percent over last year.

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