McDonald's Corporation (NYSE:MCD ) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Scott Meader - Interim Treasurer Chris Kempczinski - Chairman & Chief Executive Officer Ian Borden - Chief Financial Officer Conference Call Participants David Palmer - Evercore John Ivankoe - JPMorgan Dennis Geiger - UBS David Tarantino - Baird Brian Harbour - Morgan Stanley Sara Senatore - Bank of America Eric Gonzalez - KeyBanc Lauren Silberman - Deutsche Bank Jeff Bernstein - Barclays Jon Tower - Citi Operator Hello, and welcome to McDonald's Third Quarter 2024 Investor Conference Call. At the request of McDonald's Corporation, this conference is being recorded.
McDonald's shares grew 1% on Tuesday after executives said the company was moving past the outbreak and it would have little to no impact on business.
The headline numbers for McDonald's (MCD) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
MCD's third-quarter U.S. comps suffer due to a decline in guest counts.
U.S. stocks traded mixed this morning, with the Dow Jones index edging lower on Tuesday.
McDonald's (MCD) reported an earnings beat as the fast-food giant reels from its E. coli outbreak.
McDonald's CEO Chris Kempczinski told investors that the company views the E. coli outbreak linked to its Quarter Pounder burgers as "being behind us.
Matt Todd breaks down the latest quarterly figure from the Golden Arches. As McDonald's (MCD) consumers face rising inflation costs, Matt dissects the fast food giant's discounting strategy with its $5 Value Meal.
McDonald's (MCD) came out with quarterly earnings of $3.23 per share, beating the Zacks Consensus Estimate of $3.18 per share. This compares to earnings of $3.19 per share a year ago.
McDonald's global sales fell for the second consecutive quarter, down 1.5%. Fast-food chains have faced challenges from food inflation, affecting consumer spending habits.
McDonald's shares slipped in premarket trading Tuesday after it reported higher third-quarter revenue but lower profit than last year, as the fast-food giant's same-store sales fell more than expected.
McDonald's Corp has reported a drop in comparable sales for a second consecutive quarter due to pressure in the likes of China, France and the UK and war in the Middle East. Global comparable sales fell by 1.5% over the third quarter, the fast food giant reported on Tuesday, marking a steeper decline than the 0.72% forecast by analysts.