On October 29, 2024, McDonald's Corporation reported its financial results for the third quarter and the first nine months of the year, ending September 30, 2024. The report, filed with the SEC, showed that consolidated revenues for the quarter reached nearly $6.9 billion, marking a 3% increase from the previous year, with a slight adjustment for constant currencies. Systemwide sales to loyalty members hit over $28 billion for the trailing twelve-month period. Despite these gains, global comparable sales saw a decrease of 1.5%, with varied performance across different segments. The U.S. segment experienced a modest increase of 0.3%, while the International Operated Markets and International Developmental Licensed Markets segments saw decreases of 2.1% and 3.5%, respectively. Operating income slightly decreased by 1%, and diluted earnings per share dropped to...Show More

On October 29, 2024, McDonald's Corporation reported its financial results for the third quarter and the first nine months of the year, ending September 30, 2024. The report, filed with the SEC, showed that consolidated revenues for the quarter reached nearly $6.9 billion, marking a 3% increase from the previous year, with a slight adjustment for constant currencies. Systemwide sales to loyalty members hit over $28 billion for the trailing twelve-month period. Despite these gains, global comparable sales saw a decrease of 1.5%, with varied performance across different segments. The U.S. segment experienced a modest increase of 0.3%, while the International Operated Markets and International Developmental Licensed Markets segments saw decreases of 2.1% and 3.5%, respectively. Operating income slightly decreased by 1%, and diluted earnings per share dropped to $3.13, a 1% decrease. However, excluding certain charges, the adjusted operating income and earnings per share showed marginal increases. McDonald's also declared a 6% increase in its quarterly cash dividend to $1.77 per share. The company's CEO, Chris Kempczinski, emphasized a commitment to providing value and affordability to customers. The report included additional financial metrics and forward-looking statements, with the company expressing caution due to various risks and uncertainties.