MCD•McDonald's Q3 revenue rose 1% to $7.16 billion, below the $7.28 billion consensus, as U.S. comparable sales fell 0.2%. The company raised its quarterly dividend by 4%.
McDonald's reported Q3 revenue of $7.16 billion, up 1% but below analysts' $7.28 billion estimate. Net income was $2.49 billion, operating income was $3.60 billion and EPS was $3.51.
U.S. comparable sales fell 0.2% as lower guest counts were mostly offset by a higher average check. International operated-market sales grew, led by Germany and Australia, partly offset by France; developmental licensed-market sales rose, led by Japan, partly offset by a decline in China. McDonald's raised its quarterly dividend by 4% and provided no specific financial guidance for upcoming quarters or the full year.
