McDonald’s Corp. (NYSE: MCD) reported slightly stronger-than-expected global sales growth in the third quarter as cost-conscious consumers turned to its value offerings amid economic uncertainty. Shares gained more than 2% in intra-day trading on Wednesday.
Global comparable sales rose 3.6% from a year earlier, just above Street estimate of 3.59%. In the U.S., same-store sales increased 2.4%, improving from 0.3% a year ago and beating expectations of 2.14%.
Fast-food chains such as McDonald’s, Domino’s Pizza, and Taco Bell-owner Yum Brands have focused on low-priced meal deals to counter weaker demand for dining out. McDonald’s recently rolled out promotions including a $5 menu and a “buy one, add one for $1” offer to attract lower-income consumers, who represent the bulk of its customer base.
Operating income grew 5.3% year over year to $3.36 billion, though results were impacted by a $39 million pre-tax restructuring charge. Net income was not disclosed in the release.
Earnings per share stood at $3.18, while revenue increased 3% to $7.08 billion, reflecting steady demand and operational efficiency gains across major markets.
