Overview
- McDonald’s, which reported results Thursday, posted adjusted EPS of $2.83 and revenue of $6.52 billion, topping Wall Street estimates, with results including $47 million in pre-tax restructuring charges.
- Comparable sales rose 3.9% in the U.S. and 3.8% worldwide, a rebound from last year’s decline even if growth trailed some forecasts.
- Management credited value deals, sharper marketing, and menu moves such as combo price cuts, new cold drinks, and the Big Arch burger for driving demand.
- Systemwide sales climbed 11% to more than $34 billion and loyalty members generated over $9 billion in sales across 70 markets.
- Executives called the backdrop challenging, citing uneven U.S. foot traffic and ongoing pressure in China, even as the stock rose about 3% in premarket trading.