McDonald’s reports 12% increase in global comparable sales in the first quarter 2022

Approximately 93% of McDonald's restaurants worldwide are owned and operated by independent local business owners and franchisees.
  • Nusra Deputy Features Editor
McDonald's

McDonald's Corporation has announced results for the first quarter ended March 31, 2022.

The Global comparable sales increased nearly 12 per cent whereas, Digital Systemwide sales exceeded $5 billion, representing over 30 per cent of total Systemwide sales in the Company's top six markets.

"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," said Chris Kempczinski, President & CEO, McDonald's by adding that the strong performance in the first quarter was underpinned by global comparable sales up nearly 12 per cent, reflecting broad-based momentum across all segments.

The international operated markets segment increased 20.4 per cent and the international developmental licensed markets segment increased 14.7 per cent, shared the company statement.

“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,” he added.

Diluted earnings per share was $1.48, a decrease of 28 per cent (27 per cent in constant currencies). 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 per cent (22 per cent 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 and franchisees.

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