𝐌𝐜𝐃𝐨𝐧𝐚𝐥𝐝'𝐬: 𝐐𝟑 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐁𝐞𝐚𝐭 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐬, 𝐁𝐮𝐭 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐌𝐢𝐬𝐬𝐞𝐬 𝐚𝐧𝐝 𝐔.𝐒. 𝐒𝐚𝐦𝐞-𝐒𝐭𝐨𝐫𝐞

$MCD (+1,92%)

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📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

• Adj. EPS: $3.57 (Est. $3.38) ✅, +11% YoY.

• Revenue: $7.16B (Est. $7.28B) ❌, +1% YoY.

• GAAP EPS: $3.51, +10% YoY.

• Net Income: $2.49B, +9% YoY.

• Operating Income: $3.60B, +7% YoY.

• Systemwide Sales: >$38B, +4% YoY.

• Global Comparable Sales: +1.5% YoY.

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📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• Q3 adjusted EPS beat consensus by ~5.6%, while revenue missed estimates by ~1.7%.

• U.S. comparable sales declined 0.2%, compared with +2.4% a year earlier, as customer traffic weakened.

• International Operated Markets comparable sales grew 1.4%, led by Germany and Australia, partly offset by France.

• International Developmental Licensed Markets comparable sales increased 4.2%, led by Japan, partly offset by China.

• Global comparable sales growth slowed to 1.5% from 3.6% YoY.

• Systemwide sales increased 4% to over $38B, including franchised restaurants.

• Loyalty member sales exceeded $11B during Q3 across 70 markets, reaching $41B over the trailing 12 months.

• Operating income increased 7% despite $56M in pre-tax restructuring-related charges.

• Adjusted operating income grew 8% YoY, supported by stronger franchise margins.

• Increased quarterly dividend by 4% to $1.93 per share.

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💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐦𝐞𝐧𝐭𝐚𝐫𝐲

“In the U.S., we're encouraged by improvement as the quarter progressed following our intervention on value.”