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Tags: Financial Markets | Infrastructure | Money | McDonalds | Results

McDonald's Sales Surge 14 Percent, as Virus Restrictions Ease

McDonald's Sales Surge 14 Percent, as Virus Restrictions Ease
(AP)

Wednesday, 27 October 2021 07:16 AM

McDonald’s reported stronger-than-expected sales in the third quarter, boosted by larger orders and higher prices on the menu.

Revenue jumped 14% to $6.2 billion in the July-September period, the Chicago burger giant said Wednesday. That beat Wall Street’s forecast of $6 billion, according to analysts polled by FactSet.

Same-store sales, or sales at stores open at least a year, rose 12.7% as coronavirus restrictions eased in most markets. Analysts had expected a 10% increase.

McDonald’s net income rose 22% to $2.1 billion for the quarter. Per-share earnings of $2.86 also beat analysts’ forecast of $2.46.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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McDonald's reported stronger-than-expected sales in the third quarter, boosted by larger orders and higher prices on the menu.
McDonalds, Results
95
2021-16-27
Wednesday, 27 October 2021 07:16 AM
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