Key Takeaways
- McDonald's beat profit and sales estimates on higher prices and solid average check growth.
- Comparable sales rose 8.8% in the third quarter from a year ago, and were up 8.1% in the U.S.
- CEO Chris Kempczinski indicated that McDonald's sees the macroeconomic environment unfolding as it anticipated.
McDonald’s (MCD) posted better-than-expected results as customers paid highe🦋r prices for thei♒r food.
The fast-food restaurant giant reported third quarter fiscal 2023 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $3.19. Revenue increased 14% year-over-year to $6.69 billion. Both exceeded forecasts.
澳洲幸运5开奖号码历史查询:Comparable store sales rose 8.8% year-over-year. They were higher by 8.1% in the U.S., which the comp🐷any indicated was the result of “strong average check growth driven by strategic menu price increases.” It also pointed to better restaurant level execution and marketing campaigns, as well as continued expansion of di🧔gital and delivery demand.
Comparable store🥂 sales were up 8.3% in international operated markets, boosted by gains in the U.K., Germany, and Canada, and 10.5% in international developmental licensed markets and corporate.
CEO Chris Kempczinski added that the macroeconomic environment “is unfolding in line with our exꦛpectations for the year.”
McDonald's noted that so far this year, it has taken a pre-tax charge of $1.3 billion or $1.44 per share, related to the company's exit from the Russian market following Russia's invasion of Ukraine.
Shares of McDonald’s rose over 2% in early trading on Monday following the news, but were down 1% year-to-date.
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