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McDonald's shares are gaining around Tuesday morning, up about 2%, after the burger giant released third-quarter results higher than Wall Street estimates.
The fast food chain announced Tuesday a quarterly profit of 2.10 dollars per share, beating the $ 1.99 expected by analysts, according to Bloomberg data. Revenues fell 6.6% to $ 5.37 billion, but that was more than the $ 5.32 billion expected by Wall Street.
According to McDonald, same-store sales rose 2.4% in the United States, driven by growth in the average number of audits resulting from both product mix and price increases. menu prices, according to analysts' forecasts. gOverall comparable sales increased 4.2% over the previous year, beating the 3.6% of anticipated growth.
"We remain confident that our strategy will generate profitable growth over the long term," said CEO Steve Easterbrook in a press release.
"In addition to having recorded 13 consecutive quarters of positive comparable global sales, we have made considerable progress in modernizing restaurants around the world, improving the hospitality industry and improving the experience of millions of customers we serve every day. "
The company said that he came back $ 1.7 billion shareholders in the third quarter through share buybacks and dividends, and increase its quarterly dividend by 15% $ 1.16 per share starting in the fourth quarter.
McDonald's was down 1.68% this year until Monday.
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