Core Insights - McDonald's Corporation reported mixed third-quarter 2025 results, with earnings missing estimates while revenues exceeded expectations, showing a year-over-year revenue increase but a decline in earnings [1][3][9] Financial Performance - Adjusted earnings per share (EPS) for the third quarter were $3.18, missing the Zacks Consensus Estimate of $3.35, representing a 1.5% year-over-year decline [3] - Quarterly net revenues reached $7,078 million, surpassing the consensus mark of $7,067 million, and increased by 3% year over year [3] - Operating income rose 5% year over year to $3.36 billion, while net income totaled $2.28 billion, up 1% year over year [10] Sales Performance - Sales at company-operated restaurants were $2.56 billion, down 3% year over year, while franchise-operated restaurant sales increased by 7% to $4.36 billion [4] - Global comparable sales rose 3.6%, a significant improvement from a 1.5% decline in the prior-year quarter [5][9] - In the U.S., segmental comps increased by 2.4%, compared to 0.3% growth in the prior-year quarter [6] Segment Performance - International Operated Markets saw segmental comps jump 4.3%, recovering from a 2.1% decline in the year-ago quarter [7] - The International Developmental Licensed Segment reported a 4.7% increase in comparable sales, contrasting with a 3.5% decline in the prior-year quarter [7] Operational Highlights - Total operating costs and expenses for the third quarter were $3.72 billion, reflecting a 1% increase year over year [8] - The company's performance was bolstered by strong value offerings, menu innovation, and effective marketing strategies [2]