McDonald’s earnings: Revenues hit, while EPS misses the mark in Q1 financial results
Invezz 30 Apr 2024
Global comparable sales were up marginally, at 2% higher. According to the company itself, this marks the 13th consecutive quarter of positive sales growth for McDonald’s ... Nearly 2% of systemwide sales growth ... McDonald’s reported somewhat lackluster results in February for a fourth quarter, with global sales disappointing somewhat – although systemwide sales exceeded forecasts ... Global comparable sales increasing 3.4%.
Earnings: Coca-Cola surprises again with not-so-sweet Q1 financial results
Invezz 30 Apr 2024
On the one hand, inflation has been driving sales down for brands across the board. On the other hand, Coca-Cola is known for defying pessimistic earnings predictions by beating estimates time and again ... The company reported concentrate sales declined 2%, while unit case sales increased a marginal 1% ... Meanwhile, revenues for the quarter grew 3% to $11.3 billion, and organic revenues (non-GAAP) grew 11%.
