Overview

* McDonald's Q3 global comparable sales increased 3.6%, with growth across all segments

* Company highlights menu innovation and marketing as growth drivers

Outlook

* Company did not provide specific future guidance

Result Drivers

* MENU INNOVATION - Co attributes growth to menu innovation and compelling marketing strategies

* LOYALTY SALES - Sales to loyalty members reached $9 bln for the qtr, contributing to systemwide sales growth

* RESTRUCTURING CHARGES - Operating income impacted by $39 mln restructuring charges related to 'Accelerating the Organization'

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $7.08 $7.09

Revenue bln bln (27

Analysts

)

Q3 EPS $3.18

Q3 Net $2.27

Income bln

Q3 $3.35

Operatin bln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 18 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the restaurants & bars peer group is "buy"

* Wall Street's median 12-month price target for McDonald's Corp is $337.00, about 11.2% above its November 4 closing price of $299.21

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)