Apparently, People are loving’ it again.
McDonald's all-day breakfast is still a hit.
McDonald's reported on Friday its third-quarter comparable-store sales that beat analysts' estimates despite concerns that the boost from all-day breakfast was fading.
The company said its comparable-store sales - at locations open for at least one year - rose 3.5%, topping the forecast for 1.5% growth.
McDonald's reported revenue of $6.4 billion, topping the forecast for $6.3 billion. Its adjusted earnings per share excluding restructuring charges was $1.62, beating the forecast for $1.48.
In July, McDonald's announced that it plans to refranchise 4,000 restaurant by the end of 2018.
The company said all-day breakfast, the McPick 2 offering, and the introduction of chicken McNuggets without artificial preservatives helped sales during the quarter.
Its shares rose 3% in pre-market trading after the earnings announcement.
Like Yum Brands, McDonald's saw weak sales growth in China on protests surrounding country's lawsuit with the Philippines over the South China Sea.