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McDonald's says US sales are recovering on the back of promotions

FinanceInternationalReutersAI summary
Image: Reuters

McDonald's said its US sales are improving thanks to promotions and marketing, after a decline in the third quarter. Its shares were up 4.7% in early trading on Wednesday. Comparable sales in its largest market fell 0.2% in the quarter ended September 30, versus the 0.1% decline analysts expected, according to LSEG: its first such decline after five quarters of growth. Global comparable sales rose 1.5% and adjusted earnings per share were $3.57.

In 35 seconds

  • US comparable sales fell 0.2% in the quarter ended September 30, below analyst expectations
  • Shares were up 4.7% in early trading after the company reported improving US sales
  • Global comparable sales rose 1.5% and adjusted earnings per share rose to $3.57
Read the full story at Reuters

IASummary generated by artificial intelligence from a story by Reuters. It may contain errors: the original source prevails.

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