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McDonald's beats on profit and revenue, reverses U.S. same-store sales declines

McDonald's on Tuesday reported quarterly earnings and revenue that beat analysts' expectations as its U.S. restaurants reversed last quarter's same-store sales decline.

The earnings report didn't mention the recent E. coli outbreak across 13 states that's been linked to McDonald's Quarter Pounder burgers. CEO Chris Kempczinski is expected to address the situation for the first time on the company's conference call with investors at 8:30 a.m. ET.

Shares of the company fell more than 2% in premarket trading.

Here's what the company reported for the period ended Sept. 30, compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

McDonald's posted third-quarter net income of $2.26 billion, or $3.13 per share, down from $2.32 billion, or $3.17 per share, a year earlier.

Excluding certain items, the fast-food giant earned $3.23 per share.

Net sales rose 3% to $6.87 billion.

However, the chain's global same-store sales fell 1.5%, a more drastic decline than the 0.6% that Wall Street was expecting, according to StreetAccount estimates, and was weighed down by the company's international markets.

U.S. same-store sales rose 0.3%, reversing last quarter's same-store sales declines but still slightly weaker than the 0.5% increase predicted by StreetAccount estimates. Traffic to its U.S. restaurants was slightly negative, but the company credited its marketing and a $5 value meal launched in late June for the increase in sales.

Diners have pulled back their restaurant spending, leading McDonald's and its rivals to lean into discounts and other marketing tricks to bring customers back to their restaurants. For example, in August, McDonald's launched limited-time "Collector's Edition" cups.

The company's two

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