McDonald’s on Friday reported third-quarter comparable-store sales that beat analysts’ estimates, amid concern that the boost from all-day breakfast was fading.
The company said its comparable-store sales – at locations open for at least one year – rose 3.5%, topping the forecast for 1.5% growth. In the second quarter, McDonald’s comp. store sales missed expectations.
McDonald’s reported revenue of $6.4 billion, topping the forecast for $6.3 billion. Its adjusted earnings per share excluding restructuring charges was $1.62, beating the forecast for $1.48.
The company said all-day breakfast, the McPick 2 offering, and the introduction of chicken McNuggets helped sales during the quarter.
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