Operations
McDonald’s Q3 beats earnings projections
October 27, 2022
McDonald's beat analyst estimates for its third quarter with revenue of $5.87 billion, compared to expected $5.70 billion, and U.S. same store sales jumping 6.1% compared to the expected 3.66%.
The robust earnings news is primarily due to the QSR increasing menu prices as well as marketing efforts, according to a Yahoo Finance report.
The brand reported adjusted earnings per share of $2.68, compared to the expected $2.57 and an increase of 8.5% with international same-store sales, verses a project 5.60%.
"As the macroeconomic landscape continues to evolve and uncertainties persist, our teams around the world continue to execute at a high level — and thanks to the resilience of the system and our continued investments at scale, we're laser focused on meeting the changing needs of our customers," CEO and President Chris Kempczinski stated in a press release.
The release stated systemwide sales increased by 2%.
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