The company's third-quarter earnings and sales beat analysts' expectations.
McDonald McDonald’s stock rose Monday after the fast-food chain’s third-quarter earnings and sales beat Wall Street expectations thanks partly to price hikes.
The restaurant operator reported adjusted earnings of $3.19 a share, topping estimates of $3. Revenue of $6.69 billion rose 14% from a year ago, and came in ahead of forecasts of $6.56 billion.Comparable sales in the U.S. rose 8.1%, benefiting from “strategic menu price increases,” the company said, while McDonald’s U.K. operations led the international market, which saw a 8.3% gain.
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