McDonald's (NYSE:MCD) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$6.87b (up 2.7% from 3Q 2023).
- Net income: US$2.26b (down 2.7% from 3Q 2023).
- Profit margin: 33% (down from 35% in 3Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$3.15 (down from US$3.19 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
McDonald's EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are up 1.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for McDonald's that you should be aware of.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:MCD
McDonald's
Operates and franchises restaurants under the McDonald’s brand in the United States and internationally.
Established dividend payer and fair value.
