McDonald's Q3 Earnings: Revenue And Profit Beat, Global Comp Sales Dip, No Mention Of E.coli Impact
Portfolio Pulse from Nabaparna Bhattacharya
McDonald's reported Q3 earnings with revenue and profit beating expectations, but global comparable sales dipped. Despite a slight increase in U.S. sales, international markets faced challenges. The company did not mention the E.coli outbreak's impact on guidance.
October 29, 2024 | 12:21 pm
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NEGATIVE IMPACT
McDonald's Q3 earnings beat expectations with EPS of $3.23 and revenue of $6.90 billion. However, global comparable sales fell 1.5%, with challenges in international markets. The E.coli outbreak's impact was not mentioned.
Despite beating earnings and revenue expectations, McDonald's global comparable sales decline and challenges in international markets are concerning. The lack of mention of the E.coli outbreak's impact adds uncertainty, contributing to the stock's premarket decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100