McDonald's Q3 Earnings & Revenues Beat Estimates, Comps Decline
McDonald's(MCD) ZACKS·2024-10-29 22:35
McDonald's Corporation (MCD) reported third-quarter 2024 results, with both earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines increased on a year-over-year basis. Despite reporting better-than-expected results, the company’s shares were down 2.3% in the pre-market trading session as investors' sentiments were hurt by dismal comps performance.Chairman and CEO Chris Kempczinski said McDonald's will keep advancing its Accelerating the Arches strategy to foster global long-ter ...