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McDonald’s earnings miss estimates, but sales are rising in ‘challenging environment’
McDonald's U.S. same-store sales rose 2.5% in Q3, driven by value deals like Extra Value Meals and Snack Wraps, appealing to consumers facing economic pressure.
- On Wednesday, McDonald's will report third-quarter results before the bell, with Wall Street analysts expecting 3.5% global same-store sales growth for a second straight quarter.
- McDonald's reintroduced value items and promotions as Snack Wraps returned early in the quarter and Extra Value Meals launched in early September, boosting discounts alongside the McValue menu.
- The $2.99 Snack Wraps proved popular with value-conscious shoppers as CFO Ian Borden said McDonald's will pay half the Extra Value Meals cost, totaling $75 million plus $40 million in marketing.
- Net income and revenue growth accompanied an early stock bump on Wednesday, with McDonald's net income rising 1% to $2.28 billion and third-quarter revenue up 3% to $7.08 billion as shares rose 3%.
- Kempczinski warned Wednesday that economic pressure persists as visits by lower-income customers fell again, with concerns about SNAP food aid benefits exacerbating the decline, McDonald's said.
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McDonald’s US sales rise — but profits fall short as it warns Americans are dining out less
McDonald’s saw a key sales metric jump in the third quarter as it doubled down on discount meals – but it fell short on earnings as it warned anxious Americans have cut back on dining out.
·New York, United States
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McDonald's boosts third quarter sales by emphasizing value but warns customers remain pressured
McDonald’s sales got a lift from Snack Wraps and other value-oriented products in the third quarter.But McDonald’s Chairman and CEO Chris Kempczinski warned Wednesday that consumers in the U.S. and other top international markets remain under economic pressure, a problem he thinks will persist well into 2026. Concern about SNAP food aid benefits and whether the U.S. government will pay them during the shutdown is exacerbating those worries, he s…
·Orlando, United States
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Coverage Details
Total News Sources15
Leaning Left3Leaning Right3Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
Factuality
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