McDonald’s 1st-Quarter Results Beat on Price Hikes, More Visits

McDonald’s 1st-Quarter Results Beat on Price Hikes, More Visits
Customers eat dinner at a McDonald's store in Beijing, China, on Jan. 9, 2017. Jason Lee/Reuters
Reuters
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McDonald’s Corp. beat Wall Street expectations for quarterly global comparable sales and profit on Tuesday, boosted by higher menu prices and more customer visits.

The burger chain’s shares rose about 1 percent in premarket trading, as comparable sales jumped by 12.6 percent for all of McDonald’s geographical segments.