McDonald's Q1 revenue rises 9%, slightly beats estimates

Mcdonalds

07/05/2026 12:14

Overview

Global fast-food chain's Q1 revenue grew 9% yr/yr, slightly beating analyst expectations

Diluted EPS for Q1 rose 7% yr/yr

Company's growth driven by positive check growth in U.S. and strong international sales

Outlook

Company did not provide specific guidance or forecasts for the current quarter or full year

Result Drivers

HIGHER AVERAGE CHECK - U.S. comparable sales growth was primarily driven by positive check growth

INTERNATIONAL SALES - Nearly all International Operated Markets saw positive comparable sales, led by the U.K., Germany and Australia

JAPAN AND BROAD GROWTH - Positive comparable sales in International Developmental Licensed Markets were led by Japan, with all regions reflecting growth

Company press release: ID:nPn8wcDbYa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$6.52 bln
$6.47 bln (25 Analysts)
Q1 EPS
$2.78
Q1 Net Income
$1.98 bln
Q1 Operating Income
$2.95 bln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 16 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the restaurants & bars peer group is "buy"

Wall Street's median 12-month price target for McDonald's Corp is $355.00, about 25% above its May 6 closing price of $284.10

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)