McDonald's latest earnings results outperform estimates. What the pros say

📆 30-10-2023 23:59:00

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Pros on CNBC discussed McDonald's after the company reported quarterly earnings that beat expectations as menu price hikes offset declining traffic.

📆 30-10-2023 23:59:00
📰 CNBC

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Market Movers rounded up the latest reactions to McDonald's from investors and analysts. The pros, including Jim Cramer , discussed the fast-food giant after it released its third-quarter results.

The company reported adjusted earnings of $3.17 per share, while analysts polled by LSEG called for $3 per share in earnings. With the help of strategic price increases , its U.S. same-store sales also increased 8.1%. Shares ended the day higher by 1.7%.

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