People wear protective face masks outside McDonald’s in Times Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 18, 2020 in New York City.
Noam Galai | Getty Images
McDonald’s on Thursday beat Wall Street’s estimates for its quarterly earnings as net sales topped pre-pandemic levels.
On the heels of the strong performance, the fast-food giant raised its outlook for systemwide sales growth.
Shares of the company rose less than 1% in early trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $1.92 adjusted vs. $1.81…