Operations
McDonald's reports 1st quarter sales increase
April 28, 2022
Global comparable sales rose 11.8% and U.S. sales increased 3.5% for McDonald's in the first quarter of 2022.
The international operated markets segment increased 20.4% and the international developmental licensed markets segment increased 14.7%, according to a press releas.
"In a quarter that saw an increasingly complex and uncertain operating environment, I am proud to share that once again the Arches have shone brightly," Chris Kempczinski, McDonald's president and CEO, said in the release. "Our strong performance in the first quarter was underpinned by global comparable sales up nearly 12%, reflecting broad-based momentum across all segments. In most of our major markets, we sustained QSR traffic share gains by focusing on elevating our brand, accelerating digital channels and showcasing our core equities of chicken and beef. By staying on the side of the consumer and executing our strategy, Accelerating the Arches, we have continued to drive growth. It is why I believe there has never been a better time to be part of brand McDonald's."
Diluted earnings per share was $1.48, a decrease of 28%. Excluding the costs to support the company's businesses in Russia and Ukraine of $0.13 per share, as well as a nonoperating expense to reserve for a potential settlement related to an international tax matter of $0.67 per share for the quarter 2022, diluted earnings per share for the quarter was $2.28, an increase of 19% (22% in constant currencies) when also excluding strategic gains of $0.13 per share for the quarter 2021.
McDonald's operates more than 40,000 locations in 100 countries. Approximately 93% of McDonald's restaurants worldwide are owned and operated by independent local business owners.
