McDonald’s Q3 2025 profit up as sales rise across segments

Core Insights - McDonald's reported a net income of $2.27 billion for Q3 2025, a 1% increase from $2.25 billion in Q3 2024, with earnings per diluted share rising to $3.18 from $3.13 [1] - Revenues for the quarter increased by 3% to $7.08 billion, compared to $6.87 billion in the same quarter of the previous year [1] - Global comparable sales grew by 3.6%, with positive performance across all operating segments [1] Financial Performance - Operating income increased by 5% to $3.36 billion from $3.19 billion [1] - Systemwide sales grew by 8% for the quarter, or 6% in constant currencies [3] - Consolidated operating income also increased by 5%, or 3% in constant currencies [3] Segment Performance - The US segment was 95% franchised, with comparable sales rising by 2.4% [3] - International Operated Markets segment was 89% franchised, with comparable sales increasing by 4.3% [3] - International Developmental Licensed Markets segment was 99% franchised, with comparable sales growing by 4.7% [3] Strategic Initiatives - The company plans to open 2,200 restaurants globally in 2025, including 600 in the US and International Operated Markets [5] - Capital expenditures for 2025 are forecasted between $3 billion and $3.2 billion, primarily for new unit growth [5] - Net restaurant additions are expected to be close to 1,800 in 2025 [6] Management Commentary - CEO Chris Kempczinski emphasized the company's ability to deliver sustainable growth despite challenges, highlighting the importance of value, menu innovation, and marketing [4] - The company anticipates that net restaurant unit growth will contribute slightly above 2% to systemwide sales growth on a constant-currency basis [4] - Selling, general and administrative expenses are projected at 2.2% of systemwide sales for the year, with an operating margin expected between 40% and 50% [5]