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Same-restaurant sales in its U.S. restaurants rose a
better-than-expected 1.3 percent, helped by demand for its
all-day breakfast, the "McPick 2 for $2" promotion and the
introduction of Chicken McNuggets without artificial
preservatives.
Analysts polled by research firm Consensus Metrix had expected a
gain of 1.2 percent in the United States.
McDonald's, under Chief Executive Steve Easterbrook, has
introduced all-day breakfasts, simplified sprawling menus and
improved service to turn around its business amid intense
competition from Burger King <QSR.TO>, Dunkin' Donuts <DNKN.O>
and smaller upstart chains.
McDonald's said global sales at restaurants open at least 13
months rose 3.5 percent in the third quarter ended Sept. 30,
handily beating the 1.5 percent gain expected on average by
analysts.
The world's largest fast-food chain reported net income of $1.28
billion, or $1.50 per share, compared with $1.31 billion, or
$1.40 per share, a year earlier.
The company had 87.1 million fewer shares outstanding in the
quarter, compared with the year-earlier period.
Excluding items, the company earned $1.62 per share, beating the
average analyst estimate of $1.48, according to Thomson Reuters
I/B/E/S.
Total revenue fell almost 3 percent to $6.42 billion - down for
the ninth straight quarter - but beat the average analyst
estimate of $6.28 billion.
(Reporting by Lisa Baertlein in Los Angeles and Sruthi
Ramakrishnan in Bengaluru; Editing by Saumyadeb Chakrabarty)
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