Core Insights - McDonald's reported mixed third quarter results, with adjusted EPS of $3.22, missing estimates of $3.33, while same-store sales in the US exceeded expectations [1][2] Financial Performance - Revenues for the quarter were $7.08 billion, slightly below the estimated $7.1 billion [2] - Global same-store sales increased by 3.6%, outperforming the estimated 3.5% [2] - US same-store sales rose by 2.4%, exceeding the estimate of 1.9%, driven by positive check growth [2][4] - International operated markets saw a 4.3% increase in same-store sales, above the estimated 4.1% [3] - International developmental license markets reported a 4.7% increase, below the estimated 5.4% [4] Market Commentary - McDonald's CEO emphasized the results as a testament to the company's ability to achieve sustainable growth in a challenging environment, focusing on value, affordability, menu innovation, and marketing [4] - There is a notable trend of younger consumers potentially trading down to McDonald's, indicating a shift in consumer behavior towards value offerings [6][7]

麦当劳公告，第三季度营收70.78亿美元，同比增长3%；净利润22.78亿美元，同比增长1%。 （文章来源：第一财经） ...

Core Insights - McDonald's reported Q3 2025 revenue of $7.08 billion, slightly below market expectations of $7.095 billion, but up from $6.87 billion in the same period last year [1] - Global same-store sales increased by 3.6%, surpassing market estimates of 3.55% [1] - Net profit reached $2.28 billion, with earnings per share (EPS) of $3.18; adjusted EPS was $3.22, below the forecast of $3.32 [1] Financial Performance - Revenue: $7.08 billion, compared to $6.87 billion year-over-year [1] - Net Profit: $2.28 billion [1] - Earnings Per Share: $3.18 (adjusted EPS $3.22) [1] Market Reaction - Following the earnings report, McDonald's shares fell over 1% in pre-market trading [1]

Core Insights - McDonald's experienced a 3.6% increase in same-store sales for Q3, slightly surpassing Wall Street's forecast of 3.5% [1] - The return of Snack Wraps in July significantly boosted U.S. store traffic by 15% on their release day [2] - Q3 revenue rose 3% to $7.08 billion, aligning with Wall Street expectations [3] Financial Performance - Net income increased by 1% to $2.28 billion, with adjusted earnings per share at $3.22, falling short of the $3.33 forecast by analysts [4] - Increased spending on marketing and promotions contributed to the earnings miss, as consumer perception of value becomes critical [5] Competitive Landscape - While McDonald's faced challenges, Taco Bell reported a 7% increase in same-store sales, indicating a strong performance driven by value items [6] - The overall trend shows younger consumers are becoming more cautious with spending, impacting higher-priced fast casual chains [5][6]

Core Insights - McDonald's reported US same-store sales growth of 2.5%, exceeding Wall Street's expectation of 2.2% and matching the previous quarter's growth rate [1][2] - Global same-store sales increased by 3.6%, consistent with estimates, following a 3.8% rise in the second quarter [2] - The company's systemwide sales, which include both company-operated and franchised locations, grew by 6% [3] Financial Performance - Adjusted earnings per share were $3.22, below the expected $3.32, with revenue at $7.1 billion, aligning with estimates [2] - The company continues to focus on value offerings and menu innovation to attract customers amid economic challenges [2][4] Strategic Initiatives - McDonald's announced the return of the Snack Wrap and a deal with US franchisees to lower combo meal prices, responding to competitive pressures in the fast-food sector [4] - The company remains optimistic about its performance in the latter half of the year, reaffirming its 2025 targets despite ongoing consumer headwinds [5] Market Outlook - Analysts express optimism regarding potential sales re-acceleration in the US, driven by upcoming initiatives such as the return of the Monopoly game and new beverage offerings [6]

Exhibit 99.2 McDonald's Corporation Supplemental Information (Unaudited) Quarter and Nine Months Ended September 30, 2025 | Impact of the War in the Middle East | 1 | | --- | --- | | Impact of Foreign Currency Translation | 1 | | Net Income and Diluted Earnings per Share | 2 | | Revenues | 4 | | Comparable Sales | 5 | | Systemwide Sales and Franchised Sales | 6 | | Restaurant Margins | 7 | | Selling, General & Administrative Expenses | 8 | | Other Operating (Income) Expense, Net | 8 | | Operating Income | 9 ...

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Core Insights - The burger giant reported a 2.4% increase in U.S. same-store sales for the three months ended September 30, which is faster growth than analysts had forecast [1] Company Performance - U.S. same-store sales growth of 2.4% indicates strong performance in the domestic market [1] - The growth rate surpassed analysts' expectations, suggesting positive consumer sentiment and effective business strategies [1] Industry Context - The reported sales growth reflects broader trends in the fast-food industry, where companies are focusing on enhancing customer experience and menu innovation to drive sales [1] - The performance may indicate a recovery in consumer spending within the food service sector [1]

U.S. stock futures were fluctuating on Wednesday after Tuesday’s lower close. Futures of major benchmark indices were mixed.Investors interpreted the latest batch of corporate earnings as solid but not spectacular, offering a convenient excuse to take profits after strong year-to-date rallies.Palantir Technologies Inc. (NASDAQ:PLTR), one of the poster children of this year's AI-fueled rally, slumped around 8% despite easily beating Wall Street estimates and raising its full-year guidance.President Donald Tr ...

Market Overview - U.S. stock futures showed mixed performance after a lower close on Tuesday, with major indices fluctuating [1][3] - Investors viewed recent corporate earnings as solid but not exceptional, leading to profit-taking after strong year-to-date rallies [1] Company Performance - Palantir Technologies Inc. (NASDAQ:PLTR) experienced an 8% decline despite exceeding Wall Street estimates and raising its full-year guidance [1] - Advanced Micro Devices Inc. (NASDAQ:AMD) fell 2.81% in premarket trading, projecting fourth-quarter revenue of approximately $9.6 billion, plus or minus $300 million [6] - Qualcomm Inc. (NASDAQ:QCOM) was down 0.42% ahead of its earnings report, with expectations of $2.87 earnings per share on $10.77 billion revenue [7] - Robinhood Markets Inc. (NASDAQ:HOOD) rose 0.66%, with analysts anticipating earnings of $0.53 per share on $1.21 billion revenue [7] - Pinterest Inc. (NYSE:PINS) dropped 18.90% after reporting third-quarter revenue of $1.05 billion, with adjusted earnings missing estimates [7] - McDonald's Corp. (NYSE:MCD) slipped 0.36% before its earnings report, expected to be $3.33 per share on $7.09 billion revenue [7] Sector Performance - The sectors that posted the largest losses included communication services, consumer discretionary, and information technology, contributing to a negative close for most S&P 500 sectors [8] Analyst Insights - BlackRock maintains a positive outlook on U.S. stocks, highlighting artificial intelligence as a significant market driver, supported by solid tech earnings [10] - The firm anticipates Federal Reserve rate cuts, likely in December, due to a softening labor market, which could support U.S. stocks [11] - BlackRock's view suggests that U.S. valuations are backed by stronger earnings and profitability compared to other developed markets [12]