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McDonald's Q3 Profit Rises, Tops View

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
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McDonald's Corp. (MCD) reported a profit for the third-quarter that increased about 10 percent from last year, reflecting stronger operating performance in the U.S. due to higher sales-driven restaurant margins, partly offset by sales performance declines in the International Operated Markets and International Developmental Licensed Markets segments as a result of COVID-19. Total revenues for the third-quarter decreased 2 percent. Quarterly global comparable sales declined 2.2 percent.

The fast-food giant reported that its third-quarter net income rose about 10 percent to $1.76 billion from last year's $1.61 billion, with earnings per share improving to $2.35 from $2.11 in the previous year.

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