McDonald's Corp., the world's largest hamburger chain, keeps churning out profit — this time because of unexpectedly balmy weather and new products such as Chicken McBites.
The Oak Brook, Ill., company Friday posted a profit of $1.27 billion, or $1.23 a share, in its first quarter. That's a 5% increase from the $1.21 billion, or $1.15, it earned during the same period in 2011.
McDonald's revenue jumped 7.1% to $6.5 billion.
Even though the chain is feeling pressure from rising food costs, it so far has managed to sustain a strong sales pace. It has maintained a loyal base for its core burgers and fries while also branching into more healthful and premium options such as frappes, garden salads and its version of popcorn chicken introduced during the quarter.
Global same-store sales increased 7.3% at McDonald's branches open for more than a year, boosted in part by an extra leap year day.