April 21/Oak Brook, Ill./Bloomberg News -- McDonald’s Corp. said first-quarter profit rose 11%, fueled by U.S. demand for coffee and burgers, and predicted further increases in food costs this year.
Net income advanced to $1.21 billion, or $1.15 a share, the world’s biggest restaurant chain said in a statement. Analysts on average projected $1.14, according to a Bloomberg survey. Items such as beverages and the Chipotle BBQ Bacon Angus burger helped lure people in the U.S., the Oak Brook, Ill.- based company said.