After raising prices in the first quarter, McDonald's Corp. said its comparable sales grew by more than 12% over the same time frame last year.
The Chicago burger giant (NYSE: MCD) said the combination of raising prices and increased restaurant traffic contributed to its first-quarter adjusted earnings per share growing 15% to $2.63, and revenues growing 4% to $5.9 billion.
Analysts polled by Thomson Reuters First Call had expected earnings of $2.33 per share and revenues of $5.6 billion.
"Comparable…
