McDonald's Sales Growth Boosts Confidence Despite Modest Share Gain

about 1 month ago

Speaker

"but people are going to McDonald's. How's that for a segway news? Yeah, it's a turnaround because they were waiting for this, right? Ticker MCD, their shares have been up about 1%. Uh, but they did have the faster than expected sales growth in the US in the last quarter. They had comparable sales. US store sales increased 2.4% in the third quarter. The thing that really helped them out were these new deals and promotions. They were trying to get people back to this affordable option for meals, cutting prices on combo meals and offering buy one get one for a dollar items."

The commentary on McDonald's (MCD) is upbeat, noting modest share gains near 1% coupled with faster than anticipated U.S. sales growth, supported by aggressive promotions and deals. This turnaround narrative contrasts with challenges in fast casual peers and projects a positive near-term outlook.

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