McDonald’s (NYSE:MCD) shares gained nearly 2% intra-day today after the company posted its third-quarter results that exceeded market predictions.
For the third quarter, the company recorded an EPS of $3.17 and revenues of $6.69 billion, surpassing the expected earnings of $3.00 and revenues of $6.56 billion.
The global year-over-year sales showed a growth of 8.8%, which indicates a robust increase in all sectors, outdoing the predicted growth of 7.8%. Sales in existing U.S. outlets went up by 8.1%, while international sales saw a rise of 8.3%.
McDonald’s CEO, Chris Kempczinski, mentioned that the company’s performance this year has been consistent with the broader economic trends and that they continue to prioritize customer convenience and value.