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Sep 30, 2024

McDonald's Q3 2024 Earnings Report

McDonald's Q3 2024 results were announced, revealing a mix of revenue growth and comparable sales declines across different segments.

Key Takeaways

McDonald's Corporation reported a 3% increase in consolidated revenues, reaching nearly $6.9 billion for the third quarter ended September 30, 2024. Global comparable sales decreased by 1.5%, with varying performance across different markets. Diluted earnings per share was $3.13, a decrease of 1%.

Consolidated revenues increased by 3% to nearly $6.9 billion.

Global comparable sales decreased by 1.5%, influenced by declines in International Operated Markets and International Developmental Licensed Markets.

Diluted earnings per share decreased by 1% to $3.13.

The company declared a 6% increase in its quarterly cash dividend to $1.77 per share.

Total Revenue
$6.87B
Previous year: $6.69B
+2.7%
EPS
$3.23
Previous year: $3.19
+1.3%
Gross Profit
$3.88B
Previous year: $3.86B
+0.3%
Cash and Equivalents
$1.22B
Previous year: $3.5B
-65.1%
Free Cash Flow
$1.94B
Previous year: $2.46B
-21.0%
Total Assets
$56.2B
Previous year: $52.1B
+7.8%

McDonald's

McDonald's

Forward Guidance

This release contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties.