McDonald’s (MCD) – Get Report, the world’s largest fast-food restaurant chain, reported that its U.S. comparable-store sales rose 4.6% in the third quarter, while its global comparable sales slid 2.2%.
The company also raised its dividend payable in December by 3% to $1.29 a share from $1.25 in September.
In the U.S, sales benefited from “strong average check growth from larger group orders as well as strong performance at the dinner daypart,” McDonald’s said in a statement.
“The company’s strategic marketing investments and resulting promotional activity drove low double-digit comparable sales for the month of September, including positive comparable sales across all dayparts. Comparable guest counts remained negative for the quarter,” the company added.
McDonald’s also said it benefited from a meal promotion with musician Travis Scott and faster service at its drive-throughs.
In international developmental licensed markets, McDonald’s suffered “negative comparable sales in Latin America and
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