Earnings

McDonald’s (MCD) Q3 2023 earnings

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A McDonald’s restaurant is seen in Belmont, California, on April 3, 2023.

Tayfun Coskun | Anadolu Agency | Getty Images

McDonald’s on Monday reported quarterly earnings and revenue that beat analysts’ expectations as price hikes boosted its U.S. sales.

Shares of the company rose more than 2% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per share: $3.19 adjusted vs. $3 expected
  • Revenue: $6.69 billion vs. $6.58 billion expected

The fast-good giant reported third-quarter net income of $2.32 billion, or $3.17 per share, up from $1.98 billion, or $2.68 per share, a…



Source cnbc.com

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