McDonald's Reports Third Quarter Results; Emphasizes Value and Market Share Expansion

McDonald's Corporation today announced results for the third quarter ended September 30, 2024. 

The QSR chain saw 1.5 per cent decrease in global comparable sales, with 0.3 per cent increase in U.S sale.

The International Operated Markets segment decreased 2.1%, International Developmental Licensed Markets segment decreased 3.5%. However, the consolidated revenues increased 3% (2% in constant currencies).

“We will stay laser-focused on providing an unparalleled experience with simple, everyday value and affordability that our consumers can count on as they continue to be mindful about their spending,” said Chairman and CEO Chris Kempczinski. 

According to him, the burger chain will continue to follow their Accelerating the Arches playbook to drive long-term growth globally and win in this environment.

“Our strategy is working, and we continue to focus on providing compelling value, generating menu excitement, and using the power of our marketing to capture market share and drive long-term growth,” added Kempczinski.

The company also declared a 6 per cent increase in its quarterly cash dividend to $1.77 per share.