McDonald’s Sales Shine in CEO Kempczinski’s Debut Quarter
- Quarterly sales boosted by technology like ordering kiosks
- Chain closes several hundred China locations because of virus
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McDonald’s Corp.’s sales in its home market beat expectations in the fourth quarter, a warm welcome for new Chief Executive Officer Chris Kempczinski and a sign the fast-food giant’s ordering technology and menu updates are resonating with customers.
Comparable sales, a key gauge for restaurant chains, rose 5.1% in the U.S., beating the average estimate for 4.7% growth compiled by Consensus Metrix. Worldwide same-store sales also topped projections, as did earnings per share.