McDonald’s (NYSE:MCD) reported its Q1 earnings results today, with EPS coming in at $2.63, better than the Street estimate of $2.33. Revenue grew 4.1% year-over-year to $5.9 billion, beating the Street estimate of $5.57 billion. Comparable sales grew around 13% in Q1, driven by elevated menu prices and growth in the company’s digital operations.
CEO Chris Kempczinski expressed during an earnings call that the company is experiencing a rise in market share across all income groups. This development has left the company feeling positive about its value and consistency. Despite customers ordering fewer items per order, Kempczinski believes that McDonald’s performs well in all situations, giving the company optimism as it moves forward for the rest of the year.