By Colin Kellaher

McDonald's posted third-quarter revenue and earnings that topped Wall Street's expectations amid strong worldwide same-store-sales growth.

The Chicago-based fast-food giant on Monday reported adjusted earnings of $3.19 a share for the quarter, up from $2.68 a share a year earlier and well ahead of the $3.00 that analysts polled by FactSet, on average, were expecting.

Revenue jumped 14% to $6.69 billion, beating the $6.56 billion Wall Street was looking for.

Worldwide comparable sales rose 8.8% amid increases in all segments, topping analysts' expectations for a rise of 8%, and McDonald's said the macroeconomic environment is unfolding in line with its expectations for the year.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

October 30, 2023 07:15 ET (11:15 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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