Former McDonald’s USA CEO Ed Rensi says it’s ‘tragic’ that New York City small business owners have had to deal with the coronavirus and inconsistent lockdown restrictions from leaders.
McDonald’s Corp. rode a surge in drive-thru traffic and digital orders amid the COVID-19 pandemic to stronger-than-expected third-quarter results.
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The Chicago-based fast-food chain reported sales at U.S. stores open at least 12 months climbed 4.6% from a year ago, helping power a $1.76 billion profit. Adjusted earnings were $2.22 per share, outpacing the $1.90 that analysts surveyed by Refinitiv were expecting.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| MCD | MCDONALD’S CORP. | 216.56 | +0.25 | +0.12% |
“The resilience of the McDonald’s system was on display during the third quarter as the competitive strength of our business and the 3 D’s – Digital, Delivery and Drive Thru – led to significant global comparable sales recovery,” CFO Kevin Ozan said in a statement.
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