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Tuesday, 31 October 2023

MCD Earnings: All you need to know about McDonald’s Q3 2023 earnings results

by Rose White

McDonald’s Corporation (NYSE: MCD) reported third quarter 2023 earnings results today.

MCD Earnings: All you need to know about McDonald’s Q3 2023 earnings results

Revenues increased 14% to $6.7 billion compared to the same period a year ago. Comparable sales increased 8.8%.

Net income grew 17% to $2.32 billion while EPS rose 18% to $3.17 versus last year. Adjusted EPS increased 19% to $3.19.

Both revenue and earnings beat expectations, sending the stock up over 2% in premarket hours on Monday.  

The company declared a 10% increase in its quarterly cash dividend to $1.67 per share.

Prior performance

The post MCD Earnings: All you need to know about McDonald’s Q3 2023 earnings results first appeared on AlphaStreet.

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