McDonald’s on Friday reported third-quarter comparable-store sales that beat analysts’ estimates amid concern that the boost from all-day breakfast was fading.
The company said its comparable-store sales — at locations open for at least one year — rose 3.5%, topping the forecast for 1.5% growth.
In the second quarter, McDonald’s comp. store sales slowed and missed analysts’ expectations.
Some US franchisees had predicted that the novelty of hash browns for lunch would quickly fade away.
McDonald’s reported revenue of $6.4 billion, topping the forecast for $6.3 billion. Its adjusted earnings per share excluding restructuring charges was $1.62, beating the forecast for $1.48.
The company said all-day breakfast, the McPick 2 offering, and the introduction of chicken McNuggets helped sales during the quarter.