Fast food giant, McDonald’s Corporation (MCD) reported Q3 earnings, this week performing better than the previous quarter as drive-thru orders increased and special promotions recorded sales to the double-digit percentage increase in September.
Comparable sales plunged 24% in Q2r as dining options remained closed amid the pandemic. McDonald’s launched various deals, offers, and promotional deals to boost sales, driving global results where same-store sales rose 4.6% for the quarter-ending Sept. 30. Sales lacked in France, Spain, Germany, and the UK, also Internationally licensed markets dropped 10.1%.
The Board of McDonald’s approved a 3% quarterly dividend increase for common stock shareholders to $1.29 per share.
McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly 37,000 locations in over 100 countries. The Corporation operates and franchises McDonald’s restaurants in the US and across the globe with over 90% of its restaurants owned and operated by local, independent businessmen and women. To learn more about McDonald’s Corporation (MCD) and to track its progress please visit the Vista Partners McDonald’s Coverage Page.
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