McDonald's Price Hike Serves Up Tasty Margins in Q3 Earnings Feast!
Portfolio Pulse from Shivani Kumaresan
McDonald's Corp reported Q3 FY23 sales growth of 14% YoY to $6.692 billion, beating the analyst consensus estimate. Global comparable sales rose 8.8%, with U.S. comparable sales up 8.1% due to strategic menu price increases. Operating income rose 16% to $3.208 billion, with an operating margin of 47.9%. Adjusted EPS of $3.19 beat the consensus estimate. The company also increased the quarterly cash dividend by 10% to $1.67 per share. MCD shares are trading higher by 3.10% in premarket trading.
October 30, 2023 | 11:53 am
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McDonald's reported strong Q3 FY23 results, beating estimates on sales and EPS. The company also increased its quarterly cash dividend. This positive news has led to a 3.10% increase in premarket trading.
McDonald's reported strong Q3 FY23 results, with sales and EPS beating estimates. The company also increased its quarterly cash dividend. These positive results reflect the company's strong performance and strategic decisions, which have led to increased investor confidence and a rise in the company's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100