By Colin Kellaher

 

McDonald's Corp. on Wednesday posted third-quarter revenue and earnings that topped Wall Street's expectations amid strong worldwide same-store sales.

The Chicago-based fast-food giant reported net income of $2.15 billion, or $2.86 a share, for the quarter, up from $1.76 billion, or $2.35 a share, a year earlier.

Excluding items, McDonald's posted an adjusted profit of $2.76 a share for the quarter. Analysts polled by FactSet, on average, were expecting adjusted earnings of $2.46 a share.

Revenue jumped 14% to $6.2 billion, beating the $6.05 billion Wall Street was looking for. Worldwide comparable sales rose 12.7% amid increases in all segments, topping analysts' expectations for 10% growth.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

October 27, 2021 07:14 ET (11:14 GMT)

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