Reported 30 days ago
McDonald's exceeded expectations with a 3% year-over-year revenue increase to $6.87 billion for Q3, despite a recent E. coli outbreak affecting its reputation and investor confidence. While U.S. same-store sales grew by 0.3%, international sales faced declines, particularly in China, France, and the UK. CEO Chris Kempczinski highlighted the company's focus on value propositions and innovation as they address the outbreak's aftermath, which has so far resulted in 75 infections and one death across 13 states.
Source: YAHOO