McDonald's (MCD) Gets 'McHit' as Q3 Results Miss Mark, Q4 Comps Already Negative
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Price: $255.69 -1.52%
EPS Growth %: +5.9%
Financial Fact:
Nonoperating (income) expense, net: 11.4M
Today's EPS Names:
PMCB, CULP, HURC, More
EPS Growth %: +5.9%
Financial Fact:
Nonoperating (income) expense, net: 11.4M
Today's EPS Names:
PMCB, CULP, HURC, More
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McDonald's (NYSE: MCD) shares are lower Friday morning following third-quarter results and comps that missed the mark.
Sales in the quarter remained relatively flat at $7.15 billion, versus $7.17 billion in the same period last year. Net income slipped 3 percent to $1.46 billion, or $1.43 per share. Notably, EPS included negative impairment of 8 cents from foreign exchange translation.
Overall, the Street was expecting revs $7.15 billion and EPS at $1.48.
Global comparable-store sales rose 1.9 percent in the quarter, light compared with consensus expectations of a 2 percent gain.
Notably, CEO Don Thompson commented that McDonald's fourth-quarter comps were currently trending negative.
Shares are down nearly 3 percent in early trading.
Sales in the quarter remained relatively flat at $7.15 billion, versus $7.17 billion in the same period last year. Net income slipped 3 percent to $1.46 billion, or $1.43 per share. Notably, EPS included negative impairment of 8 cents from foreign exchange translation.
Overall, the Street was expecting revs $7.15 billion and EPS at $1.48.
Global comparable-store sales rose 1.9 percent in the quarter, light compared with consensus expectations of a 2 percent gain.
Notably, CEO Don Thompson commented that McDonald's fourth-quarter comps were currently trending negative.
Shares are down nearly 3 percent in early trading.
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