News & Analysis

I’m lovin’ it – McDonald’s tops Q3 expectations

28 October 2021 By Klavs Valters

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McDonald’s reported their third-quarter financial results before the opening bell on Wednesday, topping Wall Street analyst expectations.

The fast-food company reported total revenue of $6.20 billion in the quarter vs. $6.04 billion expected. Earnings per share at $2.76 a share vs. $2.46 a share forecasted.

The company also reported a 7% increase in its quarterly cash dividend to $1.38 per share.

”Our third quarter results are a testament to our unparalleled scale and agility,” said McDonald’s President and Chief Executive Officer, Chris Kempczinski.

”Our global comparable sales increased 10% over 2019, which was delivered across an omnichannel experience that is focused on meeting the needs of our customers. We continue to execute our strategic growth plan and run great restaurants so that we can drive long-term, sustainable growth for all of our stakeholders,” he added.

McDonald’s chart (1Y)

Share price of McDonald’s up by around 2% during the trading day on Monday following the Q3 results at $242.77 a share. The stock is up by 9% in the past year.

McDonald’s is the 69th largest company in the world with a total market cap of $181.21 billion.

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Sources: McDonald’s, Refinitiv, TradingView, CompaniesMarketCap

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