10/27/2021, 1:12 PM (Source: TeleTrader)
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McDonald's Q3 revenue at $6.05B, up 14% YoY

McDonald's Corporation announced on Wednesday that its revenues in the third quarter of fiscal 2021 reached $6.05 billion, marginally beating expectations to come in at 14% higher than in the same period in 2020.

Operating income rose to $2.98 billion from $2.53 billion at September 30 last year, while net income jumped to $2.15 billion from $1.76 billion last year. Diluted earnings per share sat at $2.86, compared to $2.35 last year.

"Our third quarter results are a testament to our unparalleled scale and agility ... Our global comparable sales increased 10% over 2019, which was delivered across an omnichannel experience that is focused on meeting the needs of our customers," President and CEO Chris Kempczinski commented.

The fast food giant's shares were up 2.89% in premarket trade following the release of the report.

Baha Breaking News (BBN) / IB