[CNBC Television] McDonald’s earnings beat estimates as international sales rebound

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: CNBC’s Kate Rogers joins ’Squawk Box’ to break down McDonald’s latest quarterly earnings. For access to live and exclusive video from CNBC subscribe to CNBC PRO: McDonald’s on Wednesday reported quarterly earnings and revenue that topped analysts’ estimates as menu price increases on Big Macs and McNuggets in the U.S. offset rising costs. The fast-food giant’s menu prices are roughly 6% higher compared with a year ago, offsetting increased labor and commodity costs. Executives said the company and its franchisees use a pricing advisory service to understand how much customers are willing to pay. Outside the U.S., international sales bounced back, despite Covid-19 resurgences in some markets. On the heels of the strong global performance, McDonald’s raised its forecast for systemwide sales growth for full-year 2021. Shares of the company were up nearly 2% in late-morning trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $ adjusted vs. $ expected Revenue: $6.2 billion vs. $ billion expected The company reported fiscal third-quarter net income of $ billion, or $ per share, up from $ billion, or $ per share, a year earlier. Excluding strategic gains, McDonald’s earned $ cents per share, beating the $ per share expected by analysts surveyed by Refinitiv. Net sales rose 14% to $6.2 billion, topping expectations of $ billion. Worldwide, same-store sales climbed 12.7% from a year ago and 10.2% on a two-year basis. In McDonald’s home market, same-store sales increased by 9.6% from a year earlier, when the fast-food giant started to see demand bounce back. On a two-year basis, same-store sales are up 14.6%. The chain credited its new chicken sandwich, a famous orders promotion with rapper Saweetie, and other menu and marketing promotions for its strong performance. Since the launch of its U.S. loyalty program in early July, the company has enrolled more than 21 million members, with 15 million active users. For comparison, Chipotle Mexican Grill launched its loyalty program in 2019 and counted 24.5 million customers as members at the end of its latest quarter. But McDonald’s also faced some challenges during the quarter. Executives said on the call that staffing shortages hit the chain. Some restaurants scaled back their late-night hours, and understaffed locations put pressure on the chain’s speed of service. In October, the chain is seeing same-store sales growth in the low double digits on a two-year basis. CFO Kevin Ozan said the company expects similar results for the rest of the fourth quarter. McDonald’s recovery is outpacing that of many of its rivals, including Restaurant Brands International’s Burger King. On Monday, the burger chain reported its U.S. same-store sales shrank by 1.6% in the third quarter after it began transitioning away from paper coupons and value meals. Burger King’s global same-store sales climbed 7.9% after falling 7% a year earlier. McDonald’s international operated markets segment saw its same-store sales rise 13.9% from a year ago, fueled by strong demand in the United Kingdom. The division also saw positive same-store sales in Canada, France and Germany as restrictions eased. However, Australia’s same-store sales were dampened by another round of lockdowns in some regions. On a two-year basis, the segment’s same-store sales climbed 8.9%. The company’s international developmental licensed markets division reported 16.7% same-store sales growth. While China’s same-store sales shrank during the quarter due to spikes of Covid-19, Japan and Latin America reported strong sales. On a two-year basis, same-store sales rose 4.9%. » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: