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Tuesday, October 22, 2019

-=McDonald's (MCD) reported earnings on Tue 22 Oct 2019 (b/o)



McDonald's misses by $0.10, reports revs in-line; co also increases quarterly dividend to $1.25/share from $1.16/share
  • Reports Q3 (Sep) earnings of $2.11 per share, excluding non-recurring items, $0.10 worse than the S&P Capital IQ Consensus of $2.21; revenues rose 1.1% year/year to $5.43 bln vs the $5.47 bln S&P Capital IQ Consensus.
  • Global comparable sales of 5.9% demonstrated broad-based strength with the International Operated segment increase of 5.6%, the U.S. increase of 4.8%, and the International Developmental Licensed segment increase of 8.1%.
  • In addition, the Company announced an 8% increase in its quarterly dividend to $1.25 per share beginning in the third quarter 2019.

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