Friday 03 May 2024
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McDonald’s beats on earnings after slashing prices on soda and coffee

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NEW YORK – McDonald’s has reported its best showing for global comparable sales in five years, sending its shares to a record intraday high on Tuesday.

Investors were impressed with the company’s progress ramping up mobile order and mobile pay at more restaurants, and with its expansion of a delivery service, which has been launched at 4,000 restaurants in the US and other markets.

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Results in the key US market were boosted by its discounted offering of any size of soft drink for $1 and McCafe beverages for $2, as well as new sandwiches, according to the earnings statement.

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