Summary by Moomoo AI
McDonald's reported Q3 2024 consolidated revenues of $6.9 billion, up 3% YoY, while global comparable sales decreased 1.5%. U.S. sales rose 0.3%, but International Operated Markets fell 2.1% and International Developmental Licensed Markets dropped 3.5%, primarily impacted by the Middle East conflict and China's performance.Operating income declined 1% to $3.2 billion, including $52 million in transaction costs related to South Korea business sale and Israel acquisition, plus $46 million in restructuring charges. Diluted EPS decreased 1% to $3.13. Excluding charges, adjusted EPS grew 1% to $3.23.The company declared a 6% increase in quarterly dividend to $1.77 per share. Systemwide loyalty member sales reached $28 billion for the trailing twelve months and nearly $8 billion for Q3, as McDonald's continues to focus on providing value and affordability while executing its Accelerating the Arches strategy.
