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Share Name | Share Symbol | Market | Type |
---|---|---|---|
McDonalds Corp | NYSE:MCD | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
2.44 | 0.84% | 292.67 | 296.10 | 290.66 | 291.00 | 6,785,024 | 01:00:00 |
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)
Copyright (c) 2023 Dow Jones & Company, Inc.
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