McDonald’s earnings higher than market expectations

McDonald’s achieved profits that surpassed market expectations after achieving significant growth in its international sales in the quarter ending last September.

McDonald’s profits rose to $3.19 per share in the third quarter of 2023, versus expectations of $3.00 per share.

The company’s revenues also rose to $6.69 billion in the quarter ending last September, versus expectations of $6.58 billion.

The fast food company recorded an increase in net income in the third quarter of this year by $2.32 billion, or $3.17 per share, compared to net income recorded in the same period last year at $1.98 billion, or $2.68 per share.

Revenues increased in the third quarter of this year by about 14% to $6.69 billion, in addition to the company achieving an increase in international store sales of 8.8%.