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