McDonald's Reports Third Quarter 2020 Results.
Highlights:
Comparable sales continued to improve globally, driven by positive comparable sales of 4.6% in the
Diluted earnings per share of
McDonald's will host a virtual Investor Update today, beginning at
'The resilience of the McDonald's system was on display during the third quarter as the competitive strength of our business and the 3 D's - Digital, Delivery and Drive Thru - led to significant global comparable sales recovery,' said McDonald's Chief Financial Officer
Third quarter financial performance:
Global comparable sales declined 2.2%. Monthly comparable sales results improved sequentially for all segments throughout the third quarter.
Consolidated revenues decreased 2% (2% in constant currencies).
Systemwide sales were flat with the prior year (decreased 1% in constant currencies).
Consolidated operating income increased 5% (3% in constant currencies) and included
Diluted earnings per share of
The Company declared a 3% increase in its quarterly cash dividend to
THIRD QUARTER COMPARABLE SALES
Increase/(Decrease)
Quarters Ended
2020 2019
U.S. 4.6% 4.8%
International Operated Markets (4.4) 5.6
International Developmental Licensed
Markets & Corporate (10.1) 8.1
Total (2.2)% 5.9%
Comparable Sales: Monthly comparable sales results improved sequentially for all segments throughout the third quarter of 2020.
International Operated Markets: Comparable sales results improved throughout the quarter, with consumer sentiment and government regulations impacting the pace of recovery from COVID-19. Limited operations also remained in place for some markets. Comparable sales varied across markets with negative comparable sales in
International Developmental Licensed Markets: Comparable sales results were impacted by negative comparable sales in
KEY FINANCIAL METRICS - CONSOLIDATED
See more at:
https://corporate.mcdonalds.com/corpmcd/en-us/our-stories/article/press-releases.Q3-2020-earnings.html
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