Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Global same-store sales: 5.9% vs. 5.6% expected
In September, the last month of the quarter, the fast-food giant introduced a line of spicy barbecue chicken products, but the company did not refer to the menu addition as a significant reason for sales growth in its home market. The company said U.S. same-store sales grew by 4.8% during the quarter, falling short of Wall Street's estimates of 5.2%. Notably, traffic to U.S. locations continued to decline.
Burger King has also been stealing some spotlight from McDonald's with the nationwide launch of its plant-based Impossible Whopper. In September, McDonald's announced plans to test a burger made with a Beyond Meat patty in select restaurants in Ontario, Canada.
The big Mac recession gauge.
Quit messing with new off the wall stuff. Stick what got you here.
.McDonalds This is karma for not bringing the McRib to Colorado. I could have single handedly saved those earnings. mcribgate McRibSZN McRib
dustinmai65 fitzerr30 not enough McMuffs
I wonder if people have more money to eat in better restaurants
🎵 Duh duh duh duh duh I'm shorting it. 🎵
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toymaker Hasbro shares drop more than 10% as tariffs boosts costs and earnings fall shortHasbro fell short of Wall Street estimates for third-quarter revenue on Tuesday, hit by weak demand for its toys such as Nerf guns, My Little Pony and Play-Doh. Wait, what? Tariffs raise costs and hurt revenues? Who knew? scottlincicome Hasbro: move your production to non-tariff country, which there are plenty of in Asia. And stop morning and groaning while supporting live OrganHarvesters in China! Have you no shame? All will bankrupt soon !!! Because you never fight for the trademark and be serious with “pirate act” . Here in South East Asia ... Lego , DC / Disney carton merchandising item ! All fake ..... again !China !!!
Source: CNBC - 🏆 12. / 72 Read more »
Earnings season sees some big whiffs on Tuesday with McDonalds, UPS and LockheedSome of the largest and most well-known companies in the U.S. reported earnings on Tuesday that fell short of expectations. Hi
Source: CNBC - 🏆 12. / 72 Read more »
UPS shares fall, despite earnings beat, as COO retirement throws wrench in succession plansUnited Parcel Service's strong earnings report Tuesday was overshadowed by news of the retirement of Chief Operating Officer Jim Barber, who was long viewed as the company's next CEO. None of my UPS drivers are happy anymore They are all very angry and feel abused Some of the hardest workers I know
Source: CNBC - 🏆 12. / 72 Read more »
European shares fall amid earnings deluge; Reckitt slides on outlook cutEuropean shares fell on Tuesday as investors sifted through a mixed bag of corpo... Earnings being revised down, if German economy really is in a recession...
Source: Reuters - 🏆 2. / 97 Read more »
Stock indexes fall, dragged down by mixed company earningsTrading on Wall Street was choppy Tuesday, and stock indexes closed lower, dragged down by some companies' earnings reports and a sell-off in the tech sector.
Source: latimes - 🏆 11. / 82 Read more »