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McDonald’s Surpasses Wall Street’s Sales Expectations Again

  • Burger chain beats on revenue for the fourth straight quarter
  • Restaurant had pre-reported same-store sales that fell 2.2%
McDonald's Restaurants As Car Lane Business Climbed To More Than 90% Of U.S. Sales
Photographer: Kyle Grillot/Bloomberg
Updated on

McDonald’s Corp. reported better-than-expected results for the third quarter as the global pandemic continued to give restaurants with robust drive-thru and delivery footprints a lift. The shares rose.

The chain posted revenue of $5.42 billion, surpassing analysts’ expectations for the fourth straight quarter. Adjusted earnings per share of $2.22 also beat estimates. The burger chain had previously reported same-store sales for the quarter, including 4.6% growth in the U.S. that wasn’t enough to offset weakness abroad. Globally, same-store sales dropped 2.2%.