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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 [email protected]
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