The Atlanta Journal-Constitution

McDonald’s 1Q global sales climb 4 percent

JetBlue’s 1st-quarter profit sank 59% from a year ago.

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McDonald’s says new Big Mac sizes helped boost a key sales figure in the U.S., but that it’s still working on trying to attract more customers to its stores.

The world’s biggest burger chain said Tuesday that global sales rose 4 percent at establishe­d locations in the first three months of the year. That included a 1.7 percent increase in its flagship U.S. market, where the fast-food chain has suffered four straight years of declining customer visits at stores open at least 13 months. The company said it “continues to focus its efforts on driving guest count growth,” but did not explicitly say how customer visits fared during the latest quarter.

Sales can increase as a result of higher prices or by people buying more expensive items.

McDonald’s Corp. noted that its results show it is “strengthen­ing its foundation” in the U.S. as it works on improving its menu and the convenienc­e of ordering at its restaurant­s. The sales bump for the first quarter builds on a 5.4 percent increase in the year-ago period. Efforts to improve the image of its food have included a recent announceme­nt that it will start using fresh instead of frozen beef for its Quarter Pounders sometime next year.

Other changes include the promotion of a bigger version of its Big Mac called the “Grand Mac,” as well as a smaller version called “Mac Jr.” In late 2015, it also introduced an all-day breakfast menu.

McDonald’s has also trimmed its domestic store base for the past two years. McDonald’s closed additional stores in the first quarter, bringing its store base to 14,094 locations as of March 31.

For the quarter, McDonald’s reported a profit of $1.21 billion, or $1.47 per share. Analysts expected $1.32 per share, according to Zacks Investment Research. Total revenue was $5.68 billion, also beating the $5.48 billion analysts expected.

■ JetBlue: The carrier’s first-quarter profit sank 59 percent from a year ago as fuel costs and other expenses rose and the airline made less revenue from every seat flown.

JetBlue said revenue for every seat flown one mile, a figure that is closely watched in the airline business, fell 5 percent from a year ago. CEO and President Robin Hayes said the company “took quick actions” to improve those numbers, which he said were below its expectatio­ns. In the second quarter, JetBlue said it expects revenue for every seat flown one mile to rise between 3 percent and 6 percent from the same period the year before.

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