3 Takeaways From McDonald's Q3 Earnings
McDonald's (NYSE: MCD) reported its fiscal 2020 third-quarter earnings results earlier this week, announcing adjusted earnings per share of $2.22 on revenue of $5.42 billion, which came in above consensus expectations of $1.91 EPS on $5.4 billion. The company reported that it is seeing a global recovery in its revenue, boosted by product strength and strong performance in drive-thru and delivery. McDonald's management said its marketing and promotional efforts are also yielding a lot of interest from customers.
That was a basic summary of this latest earnings report. But we need to dig a little deeper into the details to get at three important takeaways from McDonald's third-quarter earnings release and what investors really need to know about it.
Image source: McDonald's.
Source Fool.com
