McDonald's And Chipotle Showed The Power Of Comfort Food Over Inflation-Strained Consumers
Portfolio Pulse from Upwallstreet
McDonald's Corporation (MCD) and Chipotle Mexican Grill Inc (CMG) reported strong Q3 results, with both companies beating Wall Street estimates. McDonald's revenue rose 14% YoY to $6.69 billion, with global same-store sales growing 8.8%. Chipotle's revenue rose 11.3% to $2.47 billion, with same-store sales rising 5%. Both companies benefited from strategic price increases, which helped offset rising costs.
October 31, 2023 | 5:35 pm
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Chipotle reported strong Q3 results, with revenue rising 11.3% to $2.47 billion and same-store sales growing 5%. The company benefited from its first price increase this year.
Chipotle's strong Q3 results, driven by a price increase and higher transactions, are likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
McDonald's reported strong Q3 results, beating estimates with revenue of $6.69 billion and global same-store sales growth of 8.8%. The company benefited from strategic price increases.
McDonald's strong Q3 results, driven by strategic price increases and strong demand, are likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100