McDonald's says daily sales took a hit as some customers avoided its restaurants during the E. coli outbreak.Third-party data indicated foot traffic to the chain fell by more than 9% nationwide, with a 30% drop in Colorado.The company says the issue has been contained and doesn't expect a material impact on overall performance. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences ...

McDonald's Corporation (NYSE:MCD) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Scott Meader - Interim Treasurer Chris Kempczinski - Chairman & Chief Executive Officer Ian Borden - Chief Financial Officer Conference Call Participants David Palmer - Evercore John Ivankoe - JPMorgan Dennis Geiger - UBS David Tarantino - Baird Brian Harbour - Morgan Stanley Sara Senatore - Bank of America Eric Gonzalez - KeyBanc Lauren Silberman - Deutsche Bank Jeff Bernstein - Barclays Jon ...

McDonald's on Tuesday said its sales and restaurant visits nosedived after a deadly E.coli outbreak was linked to its Quarter Pounder burgers. "There's been an impact in the US as a result of that food safety incident [with a] shift to daily negative sales and guest count results since the beginning of the food safety incident," Chief Financial Officer Ian Borden said during an earnings call on Tuesday. The outbreak, which has been tied to the slivered onions atop the popular burger, has sickened 75 people ...

McDonald's (MCD) reported $6.87 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.7%. EPS of $3.23 for the same period compares to $3.19 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.8 billion, representing a surprise of +1.13%. The company delivered an EPS surprise of +1.57%, with the consensus EPS estimate being $3.18.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

McDonald's Corporation (MCD) reported third-quarter 2024 results, with both earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines increased on a year-over-year basis. Despite reporting better-than-expected results, the company’s shares were down 2.3% in the pre-market trading session as investors' sentiments were hurt by dismal comps performance.Chairman and CEO Chris Kempczinski said McDonald's will keep advancing its Accelerating the Arches strategy to foster global long-ter ...

A week after health authorities publicly linked a deadly E. coli outbreak to McDonald's Quarter Pounder burgers, the company's CEO, Chris Kempczinski, told investors that the situation is now behind them."How we've handled the issue, now that we're moving ... we view it as being behind us," Kempczinski said on the company's call on Tuesday.During his prepared remarks, he said that the "situation appears to be contained."On Sunday, McDonald's said Quarter Pounder burgers would return to the roughly 900 resta ...

McDonald's (MCD) came out with quarterly earnings of $3.23 per share, beating the Zacks Consensus Estimate of $3.18 per share. This compares to earnings of $3.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.57%. A quarter ago, it was expected that this world's biggest hamburger chain would post earnings of $3.08 per share when it actually produced earnings of $2.97, delivering a surprise of -3.57%.Over the last four quart ...

McDonald's global sales fell for the second consecutive quarter, down 1.5%.Fast-food chains have faced challenges from food inflation, affecting consumer spending habits.McDonald's latest results come too soon to reflect any impact from its recent E.coli outbreak. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a persona ...

McDonald's shares slipped in premarket trading Tuesday after it reported higher third-quarter revenue but lower profit than last year, as the fast-food giant's same-store sales fell more than expected. The fast-food giant registered $6.87 billion in revenue, up from $6.69 billion last year and the $6.81 billion analysts expected, according to consensus estimates compiled by Visible Alpha. McDonald's also posted $2.26 billion in net income, down from last year's $2.32 billion and the $2.30 billion analysts ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and onl ...