By Colin Kellaher

McDonald's Corp. on Thursday posted first-quarter revenue and earnings that topped Wall Street's expectations amid strong U.S. sales.

The Chicago fast-food giant reported net income of $1.54 billion, or $2.05 a share, for the quarter, up from $1.11 billion, or $1.47 a share, a year earlier.

Excluding items, McDonald's reported an adjusted profit of $1.92 a share for the quarter. Analysts polled by FactSet, on average, were expecting adjusted earnings of $1.81 a share.

Revenue rose 9% to $5.12 billion, topping the $5.04 billion Wall Street was looking for. Worldwide comparable sales rose 7.5%, well above expectations of a 4.9% gain, as U.S. comparable sales jumped 13.6%.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

April 29, 2021 07:15 ET (11:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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