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 ...
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!
I just ate a Quarter Pounder with Cheese for a $1.10 using my McDonald’s app.
Hamburgers and fries are just commodities. How will McDonald’s ever hold back the competition?
Is your stomach cramping yet?
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.
MCD single-handedly rescued the Dow from a 500 pt loss. All-time high.
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 ?
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
I like the egg, sausage, and cheese burrito and the egg McMuffin hold the cheese.
For breakfast, McDonald’s is way better than ChicFilA.
The pancake and sausage platter works for me when I am on the road.
Doesn’t President Trump eat Big Macs all the time?
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.
Now if they would do that to the Big Mac.
Yeah. I’ve eaten many McDonald’s egg, sausage, and cheese biscuits.
#me too way too many
Not yet. I drank a chocolate shake along with it. So far so good.
I agree! The Quarter Pounder tastes like it came off an outdoor charcoal grill.
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