McDonald’s outperformed market expectations

In the third quarter of 2023, McDonald’s, the renowned fast food company, outperformed market expectations, attaining remarkable growth in its international sales. The company’s profits surged to $3.19 per share, surpassing the anticipated $3.00 per share. Furthermore, its revenues climbed to $6.69 billion, outshining the projected $6.58 billion.

McDonald’s experienced a substantial increase in net income during this quarter, reaching $2.32 billion, or $3.17 per share. This marks a significant rise from the previous year’s net income of $1.98 billion, equivalent to $2.68 per share.

The company’s revenues saw a substantial 14% increase, reaching $6.69 billion. In addition to this, McDonald’s achieved an impressive 8.8% growth in international store sales during the same period. This outstanding performance underscores McDonald’s strong position in the market and its ability to adapt and thrive in a competitive business landscape.