McDonald's US sales surge, thanks to all-day breakfast

Before you go, we thought you'd like these...
Before you go close icon
All-Day Breakfast Helps McDonald's

McDonald's fourth-quarter results are out, and they look great.

The fast-food giant beat analysts' expectations on earnings, revenues, and US sales, proving that its turnaround strategy is bearing fruit.

McDonald's reported adjusted earnings per share of $1.31 on revenues of $6.34 billion. Analysts had expected McDonald's to report adjusted earnings per share of $1.23 on revenues of $6.23 billion, according to Bloomberg.

Global comparable-store sales -- at locations open for at least a year -- rose 5 percent. In the US, they jumped 5.7 percent thanks to all-day breakfast, beating the forecast for 3.2 percent.

Same-store sales had been expected to grow 3.2 percent in the US, and 3.7 percent internationally.

Shares rose 3 percent in pre-market trading and close to record highs.

The company's shares have rallied 32 percent over the past year. They surged to all-time highs after the previous earnings report that showed US sales rose for the first time in two years, indicating that the turnaround strategy being implemented by CEO Steve Easterbrook was working.

The fast-food chain took several steps to stem the decline in sales, including new gourmet menu items, all-day breakfast, and management restructuring.

"We are demonstrating that our turnaround plan is key to restarting growth and becoming a modern and progressive burger company," Easterbrook said in the earnings release.

Related: McDonald's restaurant of the future.

14 PHOTOS
McDonald's has unveiled its restaurant of the future
See Gallery
McDonald's US sales surge, thanks to all-day breakfast
Macca's for breakfast. #createyourtaste
SaucyBaker: The romance between Big Mac Special Sauce & a Bakers bun. What hashtag will you add to your burger? #createyourtaste
Created my own burger at McDonald's.. It was actually pretty good! 🍔🍟 #createyourtaste #hkig
So naughty but so yummy 🙊🍔🍟 #maccas #createyourtaste #maccydeez #burger #fries #food #sofull #fattybum
Trip number three to maccas for their #createyourtaste #dirtylunchburger It was solid because I order well #tickets, I ordered a side of coleslaw but they brought fries instead #whocares So here it is... Brioche bun, Angus beef patty, maccas cheese, cheddar cheese, fried egg, pickles, lettuce, jalapeños and grilled onions and chipotle mayo
#SpicyBuns: A wicked combination of chilli jam and Brioche style bun to tease and tantalise. What hashtag will you add to your burger? #createyourtaste
#Yass #createyourtaste #burger
What happens when you force a health-conscious, fast food cynic to scoff down a juicy burger? An epiphany, that’s what. #createyourtaste #iheartmcdonalds
舊牛係好好食嘅~ 我叫剩包就冇咁貴~ 後面嗰個咁厚咁多料嘅包再轉餐就成百蚊喇~😅
Where am I? #createyourtaste #maccas #hashtag #🍔
#createyourtaste #m記都成舊水
Create Your Taste Meal for 2... #createyourtaste #createyourtaste_sg #createyourtastesg #mcdonalds #mcdonalds_sg #burgers #food #foodie #foodsg #foodporn #foodworld #foodfusion #foodlove #foodcreative #foodgluttons #fooddelicious #foodsingapore #foodphotography #foodsedap #foodpornworld #instafood #instasg #singapore #wonderful_sg #iluvsg #gf_singapore #exploresingapore
#buildyouownburger #mcdonald #createyourtaste
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

More from Business Insider:

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

Cops Catch Up To A Suspicious Speeding Vehicle - And Make An Appalling Discovery Inside Cops Catch Up To A Suspicious Speeding Vehicle - And Make An Appalling Discovery Inside
If You Find One Of These In Your Yard, Don't Touch It - And Try Not To Panic If You Find One Of These In Your Yard, Don't Touch It - And Try Not To Panic
Don't Get Too Close To a Newborn Giraffe Unless You Want to Get Kicked in the Nuts Don't Get Too Close To a Newborn Giraffe Unless You Want to Get Kicked in the Nuts