
McDonald's reported better-than-expected third-quarter revenue and earnings, with adjusted earnings per share of $3.23 surpassing analysts' estimates of $3.20 and increasing by 1% year-over-year. Revenue reached $6.87 billion, exceeding expectations of $6.82 billion and rising by 2.7% compared to the same period last year. However, global comparable sales declined by 1.5%, marking the second consecutive quarterly decrease and falling short of the estimated 0.67% decline. Global systemwide sales were flat. In the U.S., same-store sales rose by 0.3%, slightly above the estimated 0.19%, reversing previous declines. Internationally, comparable sales were weaker, with operated markets down 2.1% and developmental licensed markets down 3.5%. The company noted that traffic in the U.S. was "slightly negative," but value offerings like the $5 Meal Deal and marketing efforts helped drive sales. Operating income decreased by 0.6% to $3.19 billion. McDonald's announced a 6% increase in its quarterly dividend to $1.77 per share. The company's market capitalization stands at $212.9 billion. The quarterly results included $52 million in pre-tax transaction costs and non-cash impairment charges, as well as $46 million in pre-tax strategic charges.
McDonald’s reports better-than-expected Q3 revenue and earnings https://t.co/ECIT2qWU6U
$MCD | McDonald's Q3'24 Earnings Highlights 🔹 Adjusted EPS: $3.23 (Est. $3.20) 🟢; vs. $3.19 YoY 🔹 Revenue: $6.87B (Est. $6.81B) 🟢; UP +2.7% YoY 🔹 Operating Income: $3.19B; DOWN -0.6% YoY 🔹 Dividend: Quarterly dividend increased by +6% to $1.77 per share S.S.S: 🔹…
$MCD Reports Q3 $3.23 v $3.18e, Rev $6.87B v $6.79Be; Global SSS miss est; Notes continued impact of the war in the Middle East and negative comparable sales in China (McDonald's Corporation) - Global SSS -1.5% y/y v -0.7%e - Domestic SSS +0.3% y/y v +0.2%e -…

