The restaurant industry continues to show rebound, with McDonald's, Chipotle Mexican Grill and The Cheesecake Factory reporting healthy first-quarter U.S. comparable-store sales growth, and multi-chain operator Yum Brands showing just 1% decline.
McDonald's reported a 9% increase in global sales and 4.2% comparable-store sales growth, including a 2.9% U.S. gain. U.S. growth-drivers were beverages, including the McCafe line, its new oatmeal, and featured products such as 20-piece Chicken McNuggets and a chipotle BBQ bacon Angus burger.
Chipotle Mexican Grill (all but three of its 1,095 restaurants are U.S.-based) saw total sales jump 24.3% and comparable-store sales increase 12.4%. Growth in comparable stores resulted mainly from higher traffic. The company also raised its forecast for same-store sales growth this year to the mid-single digits, from its February outlook for a percentage in the low single digits.
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