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Series of events · McDonald's Earnings
McDonald's tests value meals before Q3 earnings
The chain trialed a low-cost bundle before reporting third-quarter results that showed profit growth and a dividend hike.
Updated
The flow in 3 points
- New value meal priced between $3.50 and $4
- Q3 adjusted EPS rose 11 percent to $3.57
- Quarterly dividend increased to $1.93 per share
What happened, in order
Times are Eastern-
Where it began
Value meal trial
McDonald's trialed a two-item value meal priced between $3.50 and $4 at select US locations to boost sales.
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Earnings preview
Analysts expected third-quarter earnings per share of $3.38 and revenue of $7.28 billion, with reduced price targets.
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Latest
Q3 results beat
McDonald's reported revenue of $7.16 billion and adjusted EPS of $3.57, while raising its dividend to $1.93 per share.
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How they connect
The company first tested a low-cost bundle to address slow sales growth. It then reported third-quarter results where profit exceeded estimates despite a revenue miss.
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