McDonald’s is set to report third-quarter earnings before the opening bell Tuesday.
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.
The burger giant is expected to post earnings of $1.99 per share on $5.32 billion in revenue, according to a survey by Refinitiv.
Analysts estimate same-store sales will rise 3.6 percent globally in the quarter, according to StreetAccount. In the U.S., same-store sales growth is expected to be 2.4 percent.
In the second quarter, McDonald’s posted its 12th consecutive quarter of positive same-store sales growth.
McDonald’s shares are down more than 3 percent since the start of the year.
