McDonald's posts Q3 2026 earnings beat on EPS, raises dividend despite revenue miss

McDonald’s reported third‑quarter 2026 results on November 4. Global comparable sales rose 1.5% year‑over‑year, while U.S. comparable sales fell 0.2%. Diluted earnings per share were $3.51 on a GAAP basis (up 10% YoY) and $3.57 on an adjusted (non‑GAAP) basis (up 11% YoY). Revenue increased 1% YoY to $7.157 billion, missing consensus estimates. The board declared a 4% dividend increase to $1.93 per share.

The higher adjusted EPS and dividend hike may support the stock’s valuation, as noted by the company’s press release. However, the revenue shortfall signals weaker demand in the United States, which could temper growth expectations.

  • 1Global comparable sales increased 1.5% year‑over‑year (reported basis).
  • 2U.S. comparable sales decreased 0.2% year‑over‑year (reported basis).
  • 3Diluted earnings per share were $3.51 GAAP, up 10% year‑over‑year (reported basis).
  • 4Diluted earnings per share were $3.57 adjusted (non‑GAAP), up 11% year‑over‑year (reported basis).
  • 5Revenue was $7,157 million, up 1% year‑over‑year (reported basis).
  • 6The quarterly cash dividend was increased 4% to $1.93 per share.

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