McDonald's Quarterly Sales, Earnings Surpass Street Views
October 30 2023 - 7:30AM
Dow Jones News
By Colin Kellaher
McDonald's posted third-quarter revenue and earnings that topped
Wall Street's expectations amid strong worldwide same-store-sales
growth.
The Chicago-based fast-food giant on Monday reported adjusted
earnings of $3.19 a share for the quarter, up from $2.68 a share a
year earlier and well ahead of the $3.00 that analysts polled by
FactSet, on average, were expecting.
Revenue jumped 14% to $6.69 billion, beating the $6.56 billion
Wall Street was looking for.
Worldwide comparable sales rose 8.8% amid increases in all
segments, topping analysts' expectations for a rise of 8%, and
McDonald's said the macroeconomic environment is unfolding in line
with its expectations for the year.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 30, 2023 07:15 ET (11:15 GMT)
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