McDonald's Q3 profit beats expectations on $7.15B revenue
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Key points
- McDonald's (NYSE:MCD) reported third-quarter adjusted earnings of $3.57 per share, beating Wall Street consensus estimates.
- The company generated $7.15 billion in total corporate revenue, representing a 1% year-over-year operational increase.
- McDonald's stated its ongoing strategy relies on driving sales growth through its franchised restaurant network.
McDonald's (NYSE:MCD) exceeded market estimates by reporting adjusted third-quarter earnings of $3.57 per share.
This profitability result represented an 11% financial increase from the $3.22 per share posted last year.
Consolidated corporate revenue climbed 1% to $7.15 billion, which slightly missed analyst consensus expectations of $7.28 billion.
The company stated its franchised restaurant division generated $4.48 billion in direct revenue.
The company-owned and operated restaurant segment contributed $2.48 billion in quarterly revenue.
GAAP diluted earnings improved to $3.51 per share alongside $2.48 billion in total corporate net income.
