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Oct. 27, 2021, 7:50 a.m. EDT

McDonald's profit and sales rise, beating expectations

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By Tonya Garcia

McDonald's Corp. /zigman2/quotes/203508018/composite MCD +1.89% shares rose nearly 3% in Wednesday premarket trading after the fast-food giant reported third-quarter earnings and sales that beat expectations. Net income totaled $2.150 billion, or $2.86 per share, up from $1.763 billion, or $2.35 per share, last year. Adjusted EPS of $2.76 was ahead of the FactSet consensus for $2.46. Sales of $6.201 billion were up from $5.418 billion last year and also ahead of the FactSet consensus of $6.050 billion. Global comparable sales rose 12.7% with the U.S. up 9.6%. The FactSet consensus was for a 10% rise. International operated markets, which includes the U.K. and France, was up 13.9% and international developmental licensed markets, which includes Japan and China, were up 16.7%. McDonald's stock has gained 10.2% for the year to date while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.82% has advanced 16.8% for the period.

/zigman2/quotes/203508018/composite
US : U.S.: NYSE
$ 248.80
+4.62 +1.89%
Volume: 3.29M
Dec. 2, 2021 4:00p
P/E Ratio
25.68
Dividend Yield
2.22%
Market Cap
$182.46 billion
Rev. per Employee
$96,039
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,639.79
+617.75 +1.82%
Volume: 470.58M
Dec. 2, 2021 5:08p
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