Investors race to McDonald's as profits and share price jumps on first quarter results

 
Jake Cordell
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McDonald's has left investors satisfied today after another quarter of rising profits
McDonald's has left investors satisfied today after another quarter of rising profits (Source: Getty)

Hungry investors went large on their orders of McDonald’s this morning, hauling the world’s most famous fast food brand up by two per cent in pre-market trading after checking out some impressive first quarter results.

McDonald’s worldwide revenues came in at a tasty $5.9bn (£4.1bn) for the three months to March. That was slightly slimmer than last year’s $5.96bn in the first quarter, but cheaper costs saw profits grow by 35 per cent to a whopping $1.1bn.

McDonald's McDonald's | mobile image

Like-for-like sales were up by 6.2 per cent as the chain, famed for its golden arches and drive-through windows, said it was committed to being recognised as a “modern and progressive burger company” by its customers.

In the US, the all day breakfast offering was popular with punters, according to the firm, while over here it was the re-introduction of the Chicken Legend and popping fruit bags in children's meals that proved the winning ticket.

McDonald’s shares have traded at all-time highs of close to $130 on the New York Stock Exchange this month, as the dominance of the American giant shows no signs of falling back.

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