McDonald's earnings match estimates as promos drive US growth
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McDonald's on Tuesday reported third-quarter earnings and sales that matched analysts' forecasts, as its promotions continued to drive sales growth at US restaurants.
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The fast-food chain reported adjusted earnings per share of $1.76, matching the consensus estimate according to Bloomberg. Revenues also matched forecasts, at $5.75 billion.
Sales at stores open for at least one year rose 4.1% in the US, driven by beverage and McPick 2 promos, the company said.
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