MCD McDonalds Corp

By Heather Haddon 

McDonald's Corp. is reaching for deals and price increases to boost sales as the chain tries to lure more customers.

The world's biggest burger chain by revenue said same-store sales grew 5.9% globally in the third quarter, above the 5.4% analysts polled by FactSet were expecting. Sales in the U.S. grew by 4.8%.

It took offerings and promotions, along with menu price increases, to boost sales, the Chicago-based company said. Renovated stores offering digital kiosks and other features also helped, it said.

McDonald's said Tuesday it notched $2.11 in earnings per share in the third quarter and $5.4 billion in sales. Analysts polled by FactSet expected earnings per share of $2.21 adjusting for one-time items, and $5.5 billion in sales.

Company executives said the income miss was minimal, while they chalked up differing ways of calculating margins to the gap with analysts on earnings.

Write to Heather Haddon at heather.haddon@wsj.com

(END) Dow Jones Newswires

October 22, 2019 08:16 ET (12:16 GMT)

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