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McDonald's (NYSE: MCD) Q3 2024 Earnings Call Oct 29, 2024, 8:30 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants. ... More MCD analysis. All earnings call transcripts.
McDonald's beat expectations for its third quarter results as the burger chain continues to investigate an E. coli outbreak.On Tuesday morning, the company posted revenue of $6.87 billion, up 3% ...
Peter Saleh, BTIG Restaurants Analyst, breaks down McDonald's earnings beat and his outlook for the fast food chain. ... McDonald's 'set the stage' for menu prices in the industry in Q3: Analyst.
McDonald's also incurred pre-tax charges of $18 million, or $0.02 per share, for the quarter and $198 million, or $0.20 per share, for the six months ending June 30, primarily related to its ...
McDonald's loyalty program was key to its performance. In Q4, loyalty members brought in $6 billion in sales across 50 markets and more than $20 billion across fiscal 2023, a 45% jump from 2022.
CEO Chris Kempczinski said 2023 "is unfolding in line with our expectations."
McDonald's growth in U.S. sales was driven by $5 Meal Deals. It doesn't expect an E. coli outbreak tied to Quarter Pounders to impact its performance.
Same-store sales in McDonald's international markets also rose 12.6% during the quarter. A car goes through the drive-thru at a McDonald's restaurant on April 03, 2023 in San Pablo, California.