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 OAK BROOK, Ill. (AP) - McDonald's Corp. said Thursday it expects to report first-quarter earnings of about 49 cents per share, in line with Wall Street's expectations but down more than 12 percent from a year ago when it recorded a substantial tax gain.
The update came as the world's largest fast-food company announced that comparable sales in March rose 5.3 percent overall and 6.6 percent in U.S. restaurants, marking 35 straight months of gains for worldwide sales.
The company said its quarterly results will reflect a reduction to earnings of 1 cent per share from a weak dollar, a charge of 5 cents related to store actions and a 4-cent gain from the initial public offering of Chipotle Mexican Grill Inc.
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