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McDonald’s puts up some supersized 3Q numbers
Associated Press ^ | Oct. 23, 2018 8:50 AM EDT

Posted on 10/23/2018 9:51:03 AM PDT by Olog-hai

McDonald’s logged its 13th consecutive month of positive same-store sales and topped Wall Street profit and revenue expectations for the third quarter.

Shares in the world’s biggest burger chain defied a major sell-off in U.S. markets before the opening bell Tuesday, rising more than 2 percent.

The company earned $1.64 billion, or $2.10 per share. That’s 12 cents better than industry analysts had projected, according to a survey by Zacks Investment Research.

Revenue of $5.37 billion, though down from the same period last year, also beat expectations. The company has been turning company-owned restaurants into franchises, which pulls on its revenue numbers. …

(Excerpt) Read more at apnews.com ...


TOPICS: Business/Economy; Food
KEYWORDS: mcdonalds; recordearnings; thirdquarter; wallstreet

1 posted on 10/23/2018 9:51:03 AM PDT by Olog-hai
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To: Olog-hai

A lot of other issues beat earnings today too including CAT which didn’t beat as much as expected. No worries, the 3M miss is all anyone is talking about as stocks continue to slide.

Earnings are great. Time to buy!


2 posted on 10/23/2018 9:55:16 AM PDT by TangledUpInBlue
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To: Olog-hai

I just ate a Quarter Pounder with Cheese for a $1.10 using my McDonald’s app.


3 posted on 10/23/2018 10:00:10 AM PDT by Proud White Trump Supporter
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To: Olog-hai

Hamburgers and fries are just commodities. How will McDonald’s ever hold back the competition?


4 posted on 10/23/2018 10:02:59 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: Proud White Trump Supporter

Is your stomach cramping yet?


5 posted on 10/23/2018 10:04:02 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: Proud White Trump Supporter

App deals aren’t like they used to be. I have been to McDonald’s more times since the app launch than previously in my life. The deals have dried up and it’s been weeks dmsince I’ve been there.


6 posted on 10/23/2018 10:06:30 AM PDT by Finatic (Sometimes I think it would be nice to just get it on and get it over with. Once and for all.)
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To: Olog-hai

MCD single-handedly rescued the Dow from a 500 pt loss. All-time high.


7 posted on 10/23/2018 10:13:19 AM PDT by montag813
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To: Olog-hai
McDonald's is one of those American corporations that has been under constant attack by the Left (with some success), so it is good to see them having an extended period of success. Anything that sticks it to the Left is fine by me.
8 posted on 10/23/2018 10:15:05 AM PDT by Major Matt Mason (Any lover of big government is an enemy of freedom.)
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To: Proud White Trump Supporter

I just ate a Quarter Pounder with Cheese for a $1.10 using my McDonald’s app.

Does it taste any better coming through your phone ?


9 posted on 10/23/2018 10:39:19 AM PDT by butlerweave
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To: Proud White Trump Supporter

Great deals to be had at McDonald’s. I just had a $1.79 lunch, had a coupon for free fries, got a double cheeseburger and a water.

Breakfasts are good also. $1 coffee!

Key is sticking to the clean, well-run McDonalds on the nice parts of town


10 posted on 10/23/2018 10:54:03 AM PDT by over3Owithabrain
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To: over3Owithabrain

I like the egg, sausage, and cheese burrito and the egg McMuffin hold the cheese.

For breakfast, McDonald’s is way better than ChicFilA.


11 posted on 10/23/2018 10:59:24 AM PDT by Conserv
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To: Olog-hai

The pancake and sausage platter works for me when I am on the road.


12 posted on 10/23/2018 11:10:49 AM PDT by LumberJack53213
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To: Olog-hai

Doesn’t President Trump eat Big Macs all the time?


13 posted on 10/23/2018 11:14:05 AM PDT by DungeonMaster (If your church believes in evolution it is not a Christian church.)
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To: Conserv

the burrito is small and one is healthy breakfast. Fresh and tasty. I like the egg, sausage, and cheese, biscuit. The small OJ is a bargain.


14 posted on 10/23/2018 11:15:15 AM PDT by morphing libertarian (Use Comey's Report; Indict Hillary now. --- Proud Smelly Walmart Deplorable)
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To: Proud White Trump Supporter
Since they started making them fresh they are much better.

Now if they would do that to the Big Mac.

15 posted on 10/23/2018 11:16:14 AM PDT by Harmless Teddy Bear (Somewhere there's danger, somewhere there's injustice, and somewhere else the tea is getting cold.)
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To: morphing libertarian

Yeah. I’ve eaten many McDonald’s egg, sausage, and cheese biscuits.


16 posted on 10/23/2018 11:20:06 AM PDT by Conserv
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To: Conserv

#me too way too many


17 posted on 10/23/2018 11:21:32 AM PDT by morphing libertarian (Use Comey's Report; Indict Hillary now. --- Proud Smelly Walmart Deplorable)
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To: Moonman62

Not yet. I drank a chocolate shake along with it. So far so good.


18 posted on 10/23/2018 11:26:25 AM PDT by Proud White Trump Supporter
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To: Harmless Teddy Bear

I agree! The Quarter Pounder tastes like it came off an outdoor charcoal grill.


19 posted on 10/23/2018 11:28:34 AM PDT by Proud White Trump Supporter
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