McDonald's Corporation
Quarterly sales of $6.90 billion beat the analyst consensus view of $6.82 billion. Revenues increased 3% (2% in constant currencies) over the prior year.
Sales by company-owned and operated restaurants rose 4%, while revenues from franchised restaurants grew by 1%.
However, global comparable sales fell 1.5% in the quarter, with the U.S. up 0.3%, the International Operated Markets down 2.1%, and the International Developmental Licensed Markets down 3.5%.
The company has been in the news frequently over the past two weeks following Donald Trump's visit to one of its restaurants and an E.coli outbreak affecting locations in the Western U.S.
McDonald's did not mention about any impact in guidance from the E.coli outbreak.
In the U.S., the company's comparable sales grew slightly due to higher average checks, despite a slight decline in guest counts, aided by effective marketing and digital growth.
However, the International Operated Markets faced challenges from negative sales in several markets, particularly France and the U.K.
Meanwhile, the International Developmental Licensed Markets were affected by the ongoing conflict in the Middle East and poor sales in China, which overshadowed positive sales in Latin America.
Systemwide sales to loyalty members reached over $28 billion in the last twelve months and nearly $8 billion for the quarter.
In September, the company declared a 6% increase in its quarterly cash dividend to $1.77 per share.
Price Action: MCD shares are trading lower by 2.46% to $289.50 premarket at last check Tuesday.
