McDonald's (NYSE: MCD) reported third-quarter earnings that beat analyst expectations Tuesday.
The company with the Golden Arches posted earnings of $2.10 per share on $5.37 billion in revenue. The company was expected to post earnings of $1.99 per share on $5.32 billion in revenue.
Adjusted earnings came in at $2.10 cents per share vs. $1.99 per share. Revenue was $5.37 billion, as opposed to estimates of $5.32 billion.
Same-store sales experienced 2.4% growth in the U.S., in-line with estimates.
Global same-store sales at McDonald's rose 4.2% in the quarter, compared to analyst expectations of 3.6%. In the U.S., same-store sales grew 2.4% in-line with analysts' forecasts.
In the third quarter, MCD posted its 13th consecutive quarter of positive same-store sales growth. McDonald's shares are down more than 3% since the start of the year.
It's been more than a year since the company's executives touted several big changes that the chain would be making to win back customers. These steps included innovating its menu, renovating its stores, offering mobile and kiosk ordering and partnering with UberEats to test delivery.
This year, the Golden Arches has benefited from higher average checks, which has boosted sales, as customers add more expensive menu items and Dollar Menu items to their orders. Among its new offerings are fresh beef hamburgers.
McDonalds shares opened Tuesday higher by $4.25, or 2.6%, to $170.76
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