00:00It's Benzinga bringing Wall Street to Main Street.
00:02McDonald's shares jumped nearly 6% Wednesday after the fast food giant reported better than
00:08expected third quarter earnings. Adjusted earnings rose 11% to $3.57 per share, beating estimates of
00:16$3.38. Revenue increased 1% to $7.157 billion, missing expectations. Global comparable sales
00:26rose 1.5%, while U.S. comparable sales fell 0.2%. McDonald's plans to test new value menu options
00:35at 1,900 U.S. restaurants ahead of a nationwide rollout in early 2027. The company also plans
00:43to expand its specialty beverage platform to more than 7,000 additional European restaurants by
00:48mid-2027. However, CEO Chris Kempczynski said U.S. comparable sales returned to growth in September
00:56and October. Management expects food and paper costs to rise by mid-single digits in 2027.
01:02Shares were up 6.04% at $278.92 at the time of publication on Wednesday,
01:10according to Benzinga ProData. For all things money, visit Benzinga.com.
