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

📆 31.10.2023 0:59:00
📰 CNBC

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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.

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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