McDonald's shares gained about 2% on Tuesday morning after the burger giant posted gains in the third quarter that exceeded Wall Street estimates.
The fast food chain released on a quarterly Tuesday The earnings of $ 2.10 per share surpassed analysts' expected $ 1.99. Revenue declined 6.6% to $ 5.37 billion, but that was higher than Wall Street expected $ 5.32 billion.
Meanwhile, McDonald said that sales in the same business in the US increased 2.4%, reflecting the growth of the average check due to product mix shifts and menu price increases, which corresponded to analysts' forecasts. G Comparable revenues increased 4.2% year-over-year, exceeding the expected [36%growthof
"We are confident that our strategy will result in long-term, profitable growth," said CEO Steve Easterbrook a press release.
"In addition to achieving 1
The company announced that it has returned to shareholders in the third quarter through share repurchases and dividends $ 1.7 billion and increases its quarterly dividend by 15% to 1.16 [$19659008] per share beginning in the fourth quarter.
McDonald's dropped 1.68% this year through Monday.