McDonald’s: Reports Third Quarter 2020 Results

Chicago / IL. (mdc) McDonald’s Corporation announced results for the third quarter ended September 30, 2020. «The resilience of the McDonald’s system was on display during the third quarter as the competitive strength of our business and the 3 D’s – Digital, Delivery and Drive Thru – led to significant global comparable sales recovery,» said McDonald’s Chief Financial Officer Kevin Ozan. «Our franchisees and restaurant teams around the world remain focused on running great restaurants and continuing to provide a safe environment for customers to enjoy our great tasting food.»

Third quarter financial performance

• Global comparable sales declined 2.2 percent. Monthly comparable sales results improved sequentially for all segments throughout the third quarter.
• Consolidated revenues decreased 2 percent (2 percent in constant currencies).
• Systemwide sales were flat with the prior year (decreased 1 percent in constant currencies).
• Consolidated operating income increased 5 percent (3 percent in constant currencies) and included USD 139 million of strategic gains on the sale of McDonald’s Japan stock. Excluding these gains, operating income decreased 1 percent (2 percent in constant currencies).
• Diluted earnings per share of USD 2.35 increased 11 percent (10 percent in constant currencies). Excluding USD 0.13 per share of strategic gains related to the sale of McDonald’s Japan stock, diluted earnings per share was USD 2.22 for the quarter, an increase of 5 percent (4 percent in constant currencies).
• The Company declared a 3 percent increase in its quarterly cash dividend to USD 1.29 per share, payable on December 15, 2020.

For additional information please read McDonald’s Corporation’s PDF file below (96 KB):

20201112-MCD-Q3-2020.