McDonald's Q3 earnings: EPS beat masks a U.S. sales dip
As seen on the 24/7 Wall St. homepage on November 4, 2026.
U.S. same-store sales still fell 0.2%, so the EPS beat rests on pricing and cost control, with customers not yet walking back in. Every value-menu competitor reporting next faces the same setup.
🚨 $MCD Q3 earnings 💵 Revenue: $7.2B vs $7.4B expected 💲 Adj. EPS: $3.57 vs $3.40 expected 🍔 Global same-store sales: +1.5% vs +1.4% expected 🇺🇸 U.S. same-store sales: -0.2% vs -0.5% expected https://t.co/eFuFvuBVtH
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McDonald's third-quarter adjusted EPS of $3.57 topped expectations, while revenue missed expectations.
Global same-store sales rose 1.5%, ahead of estimates, but U.S. same-store sales slipped 0.2%, better than the expected decline. The domestic traffic hole is smaller than feared, not yet closed.
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The EPS beat, absent a revenue tailwind, points to pricing and cost discipline doing the heavy lifting while customer counts lag. That distinction matters for how durable the outperformance is heading into the next quarter.
Every value-menu competitor scheduled to report next faces the same read-through: operators can still squeeze earnings even as foot traffic lags, and a reversal in cost leverage erases that buffer.
Mentioned: MCD