McDonald's (MCD) Misses Q3 EPS by 10c

McDonald's (NYSE: MCD) reported Q3 EPS of $2.11, $0.10 worse than the analyst estimate of $2.21. Revenue for the quarter came in at $5.43 billion versus the consensus estimate of $5.49 billion.

Strong, global comparable sales of 5.9% demonstrated broad-based strength with the International Operated segment increase of 5.6%, the U.S. increase of 4.8%, and the International Developmental Licensed segment increase of 8.1%.

"Our third quarter performance was strong, and broad-based momentum continued with our 17th consecutive quarter of global comparable sales growth," said McDonald's President and Chief Executive Officer Steve Easterbrook. "Globally, our customers are rewarding our commitment of running better restaurants and executing our Velocity Growth Plan by visiting more often."

Steve Easterbrook concluded, "As we work to build an even better McDonald's experience for customers by providing convenience on their terms, we continue to embrace the culture of innovation that helped launch our company over 60 years ago. That culture is rooted in a mission to provide delicious food, served with hospitality, to over 65 million customers who honour us with their business every day."

For earnings history and earnings-related data on McDonald's (MCD) click here.

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