McDonald’s Corp. said its sales are surpassing pre-pandemic levels across the world as more of its dining rooms reopen and U.S. customers try new chicken offerings.
The burger giant reported sales of $5.9 billion for its quarter ending in June, up 57% from a year earlier when it was hit by Covid-19-related lockdowns. Analysts expected sales of $5.6 billion.
Global same-store sales in the second-quarter were 7% higher than in the same period of 2019, with the U.S. business leading the growth, McDonald’s said Wednesday.
The company said that menu price increases of roughly 6% over the past year, larger to-go orders and sales of its new crispy chicken sandwiches helped boost U.S. sales. Its latest celebrity-endorsed meal, this one tied to Korean pop group BTS, also contributed to sales, it said.
McDonald’s last year was hit by Covid-19-related closures across the world, particularly in Europe where lockdowns have remained in place for longer than in the U.S. The company said Wednesday that it experienced significantly fewer closures and restrictions during its latest quarter.