McDonald’s US Growth Beats as Value Draws Strapped Diners

McDonald’s Corp. reported faster-than-expected US sales growth last quarter as diners prioritized cheap fast food and pulled back from more premium meals at fast-casual chains.

US comparable-store sales, which reflect the results of established locations, increased 2.4% in the third quarter, higher than the average of analyst estimates, with the company attributing the rise mostly to higher per-visit spending.