McDonald's earnings match estimates as promos drive US growth

McDonald’s on Tuesday reported third-quarter earnings and sales that matched analysts’ forecasts, as its promotions continued to drive sales growth at US restaurants.

The fast-food chain reported adjusted earnings per share of $US1.76, matching the consensus estimate according to Bloomberg. Revenues also matched forecasts, at $US5.75 billion.

Sales at stores open for at least one year rose 4.1% in the US, driven by beverage and McPick 2 promos, the company said.

More to come …

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