Revenue rose 11% to $5.66 billion in the January-March period, topping Wall Street expectations of $5.57 billion, according to analysts polled by FactSet.

McDonald’s spent $27 million on salaries, leases and supplier payments in Russia and Ukraine during the quarter. The company also said it has $100 million worth of inventory it will probably dispose of since its restaurants are closed.

Excluding costs in Russia and Ukraine and other one-time items, McDonald’s earned $2.28 per share for the quarter, well ahead of analyst forecasts of $2.17 per share.

Global same-store sales, or sales at stores open at least a year, rose nearly 12% for the quarter. In the U.S., same-store sales rose 3.5%. China reported negative same-stores sales as it struggled with a COVID resurgence and new restrictions.

Shares of McDonald’s Corp. edged higher before the opening bell Thursday.

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