{"id":30676,"date":"2023-10-30T11:38:43","date_gmt":"2023-10-30T11:38:43","guid":{"rendered":"https:\/\/microloannexus.com\/news\/mcdonalds-revenue-climbs-14-as-price-hikes-boost-u-s-sales\/"},"modified":"2023-10-30T11:38:45","modified_gmt":"2023-10-30T11:38:45","slug":"mcdonalds-revenue-climbs-14-as-price-hikes-boost-u-s-sales","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=30676","title":{"rendered":"McDonald\u2019s revenue climbs 14% as price hikes boost U.S. sales"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-6\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">McDonald&#8217;s<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> on Monday reported quarterly earnings and revenue that beat analysts&#8217; expectations as price hikes boosted its U.S. sales.<\/p>\n<p>Shares of the company rose more than 2% in premarket trading.<\/p>\n<p>Here&#8217;s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:<\/p>\n<ul>\n<li>Earnings per share: $3.19 adjusted vs. $3 expected<\/li>\n<li>Revenue: $6.69 billion vs. $6.58 billion expected<\/li>\n<\/ul>\n<p>The fast-good giant reported third-quarter net income of $2.32 billion, or $3.17 per share, up from $1.98 billion, or $2.68 per share, a year earlier.<\/p>\n<p>Excluding items, McDonald&#8217;s earned $3.19 per share.<\/p>\n<p>McDonald&#8217;s revenue rose 14% to $6.69 billion.<\/p>\n<p>Global same-store sales grew 8.8% in the quarter, beating StreetAccount estimates of 7.8%.<\/p>\n<p>The company&#8217;s U.S. same-store sales increased 8.1%, fueled by strategic price increases. McDonald&#8217;s did not disclose how much its prices have risen compared with the year-ago period. The chain also credited its marketing campaigns and digital and delivery orders for its sales growth.<\/p>\n<p>McDonald&#8217;s international operated markets division reported same-store sales growth of 8.3%, boosted by strong demand in the United Kingdom, Germany and Canada.<\/p>\n<p>The company&#8217;s international developmental licensed markets segment, which includes China and Japan, saw same-store sales growth of 10.5%.<\/p>\n<p>CEO Chris Kempczinski said in a statement that the broader economic environment is unfolding in line with the company&#8217;s expectations for the year.\u00a0<\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/10\/30\/mcdonalds-mcd-q3-2023-earnings.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>McDonald&#8217;s on Monday reported quarterly earnings and revenue that beat analysts&#8217; expectations as price hikes boosted its U.S. sales. Shares of the company rose more than 2% in premarket trading. Here&#8217;s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: Earnings<\/p>\n","protected":false},"author":1,"featured_media":30677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-30676","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>McDonald\u2019s revenue climbs 14% as price hikes boost U.S. sales | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"McDonald&#039;s on Monday reported quarterly earnings and revenue that beat analysts&#039; expectations as price hikes boosted its U.S. sales.Shares of the company\" \/>\n<meta name=\"robots\" content=\"index, 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