McDonald’s just got some good news, finally

Benjamin SnyderBy Benjamin SnyderManaging Editor
Benjamin SnyderManaging Editor

Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

McDonalds Earnings Rise On Value Menu
CHICAGO - OCTOBER 19: Customers eat at a McDonald's restaurant October 19, 2007 in Chicago, Illinois. McDonald's Corp., the world's largest restaurant chain, reported today a 27 percent jump in its third-quarter earnings. (Photo by Scott Olson/Getty Images)
Photograph by Scott Olson—Getty Images

McDonald’s reported its first quarterly increase in U.S. same-restaurant sales in two years Thursday, the Wall Street Journal reported, suggesting the fast-food chain’s turnaround efforts are bearing fruit.

The burger chain’s improvement comes with the recent start of all-day breakfast as well as a newly anointed CEO Steve Easterbrook, who joined the company earlier this year.

Shares of McDonald’s (MCD) surged in early trading.

The Journal noted:

In the U.S. market, McDonald’s same-restaurant sales grew 0.9% in the latest quarter, beating the 0.2% decline analysts had expected, according to Consensus Metrix.

“Third quarter marked an important step in the Company’s global turnaround—the reorganization of our business from a geographically focused structure to business segments that combine markets with similar characteristics and opportunities for growth,” said CEO Easterbrook in a statement. “As we begin fourth quarter, comparable sales are expected to be positive in all segments.”

He added: “While still in the early stages, we believe our turnaround plan is starting to generate the change needed to reposition McDonald’s as a modern, progressive burger company.”

Notably, however, McDonald’s franchisees haven’t been feeling too optimistic about the chain’s future.