McDonald's Corporation (MCD) has witnessed healthy growth in the last reported quarter, surpassing the consensus estimates. It beat the revenue estimate of $5.70 billion by 3% and the EPS estimate of $2.58 by 3.9%. The company is bucking a trend seen by other chains that have also raised their prices, as it witnessed growing customer traffic in the United States.
The company’s worldwide presence and brand popularity have helped it navigate the troubling macroeconomic tides. "As the macroeconomic landscape continues to evolve and uncertainties persist, we are operating from a position of competitive strength," MCD's President and CEO, Chris Kempczinski, said.
