MCD Earnings: McDonald’s Q3 2024 revenues and adj. profit beat estimates

McDonald’s Q3 2024 earnings infographic

Fast-food chain McDonald’s Corporation (NYSE: MCD) Tuesday reported a modest increase in sales and adjusted earnings for the third quarter of 2024. The numbers also came in above estimates.

McDonald’s Q3 2024 earnings infographicMcDonald’s Q3 2024 earnings infographic

The company said its third-quarter adjusted profit increased to $3.23 per share from $3.19 per share in the comparable period of 2023. Meanwhile, unadjusted earnings dropped to $2.26 billion or $3.13 per share in the September quarter from $2.32 billion or $3.17 per share a year earlier.

Global comparable store sales dropped 1.5% annually during the three months. At $6.87 billion, third-quarter net revenue was up 3% year-over-year. Both adjusted earnings and the top line exceeded analysts’ estimates.

“McDonald’s will continue to follow our Accelerating the Arches playbook to drive long-term growth globally and win in this environment,” said McDonald’s chief executive officer Chris Kempczinski.

Prior Performance

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