McDonald's tops profit estimates as U.S. traffic slips
+2.11% to $274.00 from $268.34
What moved MCD
- Adjusted EPS of $3.38 beat the $3.32 analyst consensus, though revenue of $7.10 billion came in just below the $7.13 billion estimate.
- Global comparable sales growth slowed to 1.3% from 3.8%; U.S. same-store sales rose 0.8% even as customer traffic fell.
- The company cited tough comparisons to last year’s “Minecraft” movie tie-in and an underperforming World Cup marketing campaign.
- A new lineup of refreshers and crafted sodas helped drive new visits and lift average customer checks.
Sources: LSEG via Yahoo Finance · TradingKey