McDonald’s posted better-than-expected sales in the first quarter as a new burger — and a continuing emphasis on value — brought in customers

The burger giant’s quarterly profit increased despite tough economic conditions. Revenue outpaced analysts’ forecasts.

McDonald’s posted better-than-expected sales in the first quarter but said high gas prices and consumer anxiety could dent sales this spring. McDonald’s Chairman and CEO Chris Kempczinski said

McDonald's rode value meals, loyalty perks and menu innovation to stronger first-quarter sales growth Thursday, signaling consumers are still spending despite persistent economic pressure. Why it matters: McDonald's results show its affordability strategy is gaining traction with cost-conscious diners squeezed by years of inflation-driven price hikes.

McDonald's first-quarter sales exceeded expectations, driven by value offerings, though rising gas prices and economic concerns may impact future demand.

McDonald's reports better-than-expected first-quarter sales but warns that rising gas prices and consumer anxiety could impact future demand, particularly among lower-income customers.

Clearly, when you have elevated gas prices... that is going to disproportionately impact low-income consumers," McDonald's Chairman and CEO Chris Kempczinski said.

McDonald’s posted better-than-expected sales in the first quarter but said high gas prices and consumer anxiety over the Iran war could dent sales this spring. The average price of a gallon of gas in the U.