McDonald’s posts better-than-expected third-quarter comparable sales
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Investing.com - McDonald's reported a decline in U.S. comparable sales of 0.2% in the third quarter, although this decrease was shallower than Bloomberg consensus expectations for a fall of 0.47%.
Overall, comparable sales at the burger giant rose 1.5%, also outpacing estimates of 1.35%.
Adjusted earnings per share stood at $3.57 on revenue of $7.16 billion. Analysts had called for adjusted EPS of $3.40 and revenue of $7.29 billion.
Shares of rose by more than 1% in premarket U.S. trading on Wednesday.
(This is a developing story. Please check back later for updates.)
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