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McDonald’s just got some good news, finally

McDonalds Earnings Rise On Value MenuMcDonalds Earnings Rise On Value Menu
Customers eat at a McDonald's restaurant.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.