McDonald’s Corporation (MCD) Q1 2016 Profit Expected To Rise, Revenue Projected To Drop

American fast-food giant McDonald’s will report its first-quarter earnings Friday. The world’s largest fast-food chain, whose sales benefited in the past two quarters by the launch of its all-day breakfast menu, is expected to report earnings of $1.16 per share in the three-month period ending March 31, up from $1.01 per share it reported in the same period last year.

The company’s pretax profits are also expected to jump 21 percent to $1.52 billion in the first quarter of 2016 from $1.25 billion in the year-earlier period.