McDonald’s posts 3.8% global same-store sales growth in Q1, citing resilient demand

McDonald’s reported a 3.8% increase in global comparable sales for the first quarter ended in March, topping expectations even as gasoline prices rose. U.S. same-store sales increased 3.9% from a year earlier, suggesting consumer spending at large restaurant chains remained resilient.

The company’s results echoed recent updates from other major chains including Starbucks, Taco Bell and Burger King, pointing to steady dining-out demand despite higher fuel costs. According to the AAA auto club, the average price of regular unleaded gasoline rose 35% during March.

McDonald’s has leaned on value offerings to attract customers. In April, it expanded its value options with a new menu of items priced under $3 and a $4 breakfast deal.

On the financial side, global revenue—including fees from franchisees—rose 9% year over year to $6.5 billion. Net income increased 6% to nearly $2 billion for the quarter.