Overview
- Global comparable sales rose 3.6% on roughly $7.08–$7.1 billion in revenue, while adjusted EPS of $3.22 missed Wall Street expectations by about a dime.
- U.S. same-store sales increased about 2.4%–2.5% on higher average checks rather than more visits, with lower-income traffic down nearly double digits and higher-income visits up by a similar rate.
- The company doubled down on value with Snack Wraps, a national Extra Value Meals push, and ongoing meal deals, as loyalty-member sales reached about $9 billion in the quarter and roughly $34 billion over the past year.
- McDonald’s agreed to fund half the Extra Value Meals price cuts for U.S. franchisees, costing about $15 million in September and an expected $75 million in the fourth quarter, pressuring near-term margins.
- International outperformed the U.S., with comps up 4.3% in International Operated Markets and 4.7% in International Developmental Licensed Markets led by Japan, as the company reaffirmed 2025 targets and flagged potential Q4 U.S. comp acceleration per management commentary.