McDonald's reported first quarter revenue of $4.4 billion, up 16% from $3.8 billion a year, extending a yearlong comeback for the QSR company that just last week suffered the death of its CEO Jim Cantalupo.
Income for the first three months of the year was $511.5 million compared to $327.4 million for the same period last year. Earnings rose 56%. The quarter ended March 31.
Cantalupo died April 19 of a heart attack while in Florida for a McDonald's convention. He was quickly replaced by Charlie Bell, the company's 43-year-old president and chief operating officer.
Bell said the results were fueled by the overall performance of the U.S. business and increased margins.
"To date in April, U.S. sales remain strong, and as expected, Europe's sales trends have improved significantly compared with March, following the successful launch of the Salads Plus menu in several key markets," he said in a statement.
McDonald's reported first quarter revenue of $4.4 billion, up 16% from $3.8 billion a year, extending a yearlong comeback for the QSR company that just last week suffered the death of its CEO Jim Cantalupo.
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