McDonald's Q3 earnings beat expectations, but sales whiffed. Global comparable store sales fell 3.3% in Q3, which was worse than the 2.9% decline expected. "McDonald's third quarter results reflect a significant decline versus a year ago, with our business and financial performance pressured by a variety of factors - from a higher effective tax rate, to unusual events in the operating environments in APMEA and Europe, to under-performance in the U.S., our largest geographic segment," CEO Don Thompson said.

Topics:  mcdonald's q3   q3   apmea   europe   u.s   ceo don thompson   sales   expected mcd   decline   
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