McDonald’s has reported its first rise in quarterly global same-restaurant sales in more than a year and said the trend would continue in the current quarter as chief executive Steve Easterbrook’s turnaround plan begins to take hold.
Shares of the world’s biggest restaurant chain by sales jumped more than 8 per cent in early trading, as a renewed focus on value helped business around the world.
Global sales at established restaurants rose a much better-than-expected 4 per cent in the third quarter, ending six straight quarters of flat or falling results.
“While still in the early stages, we believe our turnaround plan is starting to generate the change needed to reposition McDonald’s as a modern, progressive burger company,” Mr Easterbrook said in a statement.
