McDonald's Quarterly Sales, Earnings Surpass Street Views
By Colin Kellaher
McDonald's Corp. on Wednesday posted third-quarter revenue and
earnings that topped Wall Street's expectations amid strong
worldwide same-store sales.
The Chicago-based fast-food giant reported net income of $2.15
billion, or $2.86 a share, for the quarter, up from $1.76 billion,
or $2.35 a share, a year earlier.
Excluding items, McDonald's posted an adjusted profit of $2.76 a
share for the quarter. Analysts polled by FactSet, on average, were
expecting adjusted earnings of $2.46 a share.
Revenue jumped 14% to $6.2 billion, beating the $6.05 billion
Wall Street was looking for. Worldwide comparable sales rose 12.7%
amid increases in all segments, topping analysts' expectations for
Write to Colin Kellaher at firstname.lastname@example.org
(END) Dow Jones Newswires
October 27, 2021 07:14 ET (11:14 GMT)
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