McDonald's on Thursday reported quarterly earnings and revenue that topped analysts' expectations as its China sales rebound and mascot Grimace drives U.S. visits.
The company's global same-store sales climbed 11.7%, topping StreetAccount estimates of 9.2%.
All three of McDonald's divisions reported double-digit growth for same-store sales.
In the U.S., its largest market, same-store sales climbed 10.3%.
McDonald's also reported that visits to its U.S. locations grew for the fourth consecutive quarter.
Persons:
Grimace, Chris Kempczinski, McDonald's
Organizations:
Refinitiv
Locations:
San Pablo , California, McDonald's, China, U.S