McDonald's Q3 2023 Earnings: Revenue Impacted by Menu Price Hikes

United States of America
McDonald's Q3 2023 earnings met Wall Street expectations, but revenue fell short.
Menu price hikes, implemented due to rising commodity and labor costs, have led to a slowdown in customer traffic.

McDonald's Corporation reported its Q3 2023 earnings, revealing a mixed financial picture. The company's earnings were in line with Wall Street expectations, but its revenue fell short of estimates. The fast-food giant's revenue was impacted by menu price hikes, which have reportedly stalled, testing the company's margins. The price increases were implemented in response to rising commodity and labor costs, a common trend in the industry. However, these hikes have led to a slowdown in customer traffic, affecting the company's overall revenue. Despite these challenges, McDonald's continues to invest in its digital and delivery capabilities, which have been key growth drivers in recent years.

Confidence

90%

Doubts
  • The exact impact of the menu price hikes on McDonald's revenue is not quantified in the sources.

Sources

92%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

McDonald's Q3 2023 earnings

CNBC News Amelia Lucas Monday, 30 October 2023 00:00
  • Unique Points
    • McDonald's reported that its net income fell to $1.76 billion, or $2.35 per share, from $2.11 billion, or $2.66 per share, a year earlier.
    • The company's revenue rose 14% to $6.2 billion from $5.42 billion.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (70%)
    • CNBC is owned by NBCUniversal News Group, a division of NBCUniversal, which is in turn owned by Comcast. Comcast has a financial interest in the performance of the stock market and may benefit from positive coverage of companies like McDonald's.
    • Author Conflicts Of Interest (100%)
      None Found At Time Of Publication

    89%

    The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
    (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

    A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

    Earnings week ahead: Apple, Advanced Micro Devices, Pfizer, McDonald's, Starbucks and more

    Seeking Alpha Investment Community Clark Schultz Saturday, 28 October 2023 00:00
    • Unique Points
      • McDonald's is expected to report earnings of $2.29 per share on revenue of $6.19 billion.
      • The company's same-store sales are expected to increase by 5.2%.
    • Accuracy
      No Contradictions at Time Of Publication
    • Deception (100%)
      None Found At Time Of Publication
    • Fallacies (100%)
      None Found At Time Of Publication
    • Bias (100%)
      None Found At Time Of Publication
    • Site Conflicts Of Interest (60%)
      • Seeking Alpha is a platform for investment research, with contributors who may own stocks in the companies they write about. This could potentially influence the tone or content of the articles.
      • Author Conflicts Of Interest (100%)
        None Found At Time Of Publication

      92%

      The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
      (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

      A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

      McDonald's Earnings in Focus as Menu Price Hikes Stall, Testing Margins

      TheStreet.com Martin Baccardax Sunday, 29 October 2023 00:00
      • Unique Points
        • McDonald's has been testing its margins with recent menu price hikes.
        • The company's earnings will be closely watched for signs of how these price increases are impacting its bottom line.
      • Accuracy
        No Contradictions at Time Of Publication
      • Deception (100%)
        None Found At Time Of Publication
      • Fallacies (100%)
        None Found At Time Of Publication
      • Bias (100%)
        None Found At Time Of Publication
      • Site Conflicts Of Interest (70%)
        • TheStreet is a financial news and literacy website. The site's revenue is largely based on advertising dollars from financial institutions, which could potentially influence its coverage.
        • Author Conflicts Of Interest (100%)
          None Found At Time Of Publication