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McDonald’s sales surged 14% as virus restrictions eased

AP Business Writer

McDonald’s has reported stronger-than-expected sales in the third quarter, boosted by larger orders and higher prices on the menu. Revenue jumped 14% to $6.2 billion in the July-September period. That beat Wall Street’s forecast of $6 billion. Same-store sales, or sales at stores open at least a year, rose 12.7% as coronavirus restrictions eased in most markets. Wall Street had expected a 10% increase. McDonald’s net income rose 22% to $2.1 billion for the quarter. Per-share earnings of $2.86 also beat analysts’ forecast of $2.46.

Associated Press

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