Investing.com - Fast food giant McDonald’s reported better than expected third quarter earnings and revenue figures on Thursday, as global same-restaurant sales rose for the first time in more than a year and as demand recovered in China.
McDonald's (N:MCD) net income rose to $1.31 billion, or $1.40 per share, in the quarter ended September 30 from $1.07 billion, or $1.09 per share, a year earlier. Analysts had expected earnings of $1.28 per share.
Revenue totaled $6.62 billion, above forecasts for sales of $6.41 billion but down 5.3% from revenue of $6.99 billion in the third quarter of 2014.
McDonald's said that its global same-restaurant sales rose 4 percent in the third quarter. In the U.S., third quarter comparable sales increased 0.9%, the segment's first quarterly comparable sales increase in two years, as menu changes boosted traffic.