McDonald's Non-GAAP EPS of $2.28 beats by $0.11, revenue of $5.67B beats by $100M

Apr. 28, 2022 7:03 AM ETMcDonald's Corporation (MCD)By: Niloofer Shaikh, SA News Editor5 Comments
  • McDonald's press release (NYSE:MCD): Q1 Non-GAAP EPS of $2.28 beats by $0.11.
  • Revenue of $5.67B (+10.7% Y/Y) beats by $100M.
  • Shares +0.35% PM.
  • Global comparable sales increased 11.8%, reflecting positive comparable sales across all segments.
  • The company temporarily suspended operations during the quarter in Russia and Ukraine as a result of the military conflict in the region. Results included $27M of costs related to the continuation of employee salaries, lease and supplier payments, as well as $100 million of costs for inventory in the Company's supply chain that likely will be disposed of due to restaurants being temporarily closed.

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