McDonald's (MCD) Shares Rise on Strong Q3 Earnings and Revenue

Author's Avatar
Oct 29, 2024
Article's Main Image

McDonald's (MCD, Financial) saw its stock price increase by 1.6%, reaching $301.55. The company's third-quarter financial results showed a revenue of $6.87 billion, reflecting a 3% growth compared to the previous year. This figure surpassed market expectations of $6.81 billion.

Additionally, McDonald's reported an adjusted earnings per share of $3.23, slightly above the anticipated $3.20 per share. In the United States, comparable sales rose by 0.3%, exceeding the market's expectation of a 0.2% increase.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.