McDonald´s shares traded modestly lower in pre-market trading on Tuesday after the company reported fourth-quarter results.
The fast food giant reported adjusted earnings per share of $1.71, compared with consensus analyst expectations of $1.59.
Revenue was also higher than expected according to a survey of analysts by Thomson Reuters, with sales at $5.34bn versus forecasts of $5.22bn.
Global comparable-store sales rose 5.5% versus expectations of 4.5%, while US same-store sales increased 4.5% compared with forecasts of 4.3%.
International Lead Markets segment comparable-store sales grew 6% versus estimates of 5.0%.
“We served more customers more often, achieved our best comparable sales performance in six years, gained share in markets around the world and made tremendous progress with growth platforms such as delivery, mobile order and pay and Experience of the Future,” said chief executive Steve Easterbrook.
Net income declined to $698.7m from $1.19bn in the same quarter of 2016, driven by a $700m one-off charge owing to US tax reform.
McDonald's pledged to open another 1,000 restaurants in 2018 and invest $2.4bn in established locations.
Shares were down 0.8% in pre-market trading amid general worries over rising competition in the fast food segment as a whole.