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· McDonald’s sales soar on strong US demand
· Chicken helps McDonald’s sales soar
McDonald’s sales soar on strong US demand
By Dee-Ann Durbin, The Tribune (IN)
As America emerges from the pandemic, it’s heading to McDonald’s.
The burger giant said Thursday that its first quarter sales surpassed even two years ago, long before COVID-19, led by a big jump in U.S. demand. McDonald’s revenue rose 9% to $5.1 billion for the January-March period. That beat Wall Street’s forecast of $5 billion, according to analysts polled by FactSet.
U.S. same-store sales, or sales at locations open at least a year, rose 14%. Fewer diners visited, and many dining rooms remain closed. But those who did come ordered more. McDonald’s said new products, including a crispy chicken sandwich and spicy nuggets, helped draw customers.
Chicken helps McDonald’s sales soar
Same-store sales were up 13.7% over 2019, driven by new menu offerings such as the chicken sandwich as well as digital and delivery.
By Jonathan Maze, Restaurant Business
Apr. 29, 2021
McDonald’s generated strong same-store sales in the U.S. last quarter as customers armed with stimulus checks flocked to the company’s drive-thru and digital options to order items such as chicken sandwiches and spicy nuggets.
Same-store sales rose 13.6% in the U.S. in the quarter ended March 31, the company said on Thursday. Factoring in the 0.1% result from the first quarter a year ago, as the pandemic led to widespread closures of dining rooms, same-store sales rose 13.7% on a two-year stacked basis.
The Chicago-based burger giant said its sales grew across all dayparts. It also said its “strong national menu and marketing offerings,” along with growth in its digital and delivery platforms, contributed to the results.
“As you think back to the start of the pandemic, we had this surge in off-premise dining,” McDonald’s USA President Joe Erlinger said on Thursday...