McDonald’s CEO Steve Easterbrook’s turnaround plan — and the long-awaited arrival of all-day breakfast — is finally paying off for McDonald’s, as the iconic but struggling fast food company has just had its best domestic performance in more than two years.
In its third-quarter profit report, McDonald’s noted that net income during the quarter rose 23 percent, to $1.31 billion, or $1.40 a share.
Sales within the United States rose .9 percent during the third quarter, beating analysts’ projections for a .2 percent decline, according to Bloomberg. Global same-store sales also saw their best performance in three years. In a press release, McDonald’s attributed its success to its crispy chicken deluxe sandwich and “a return to the classic recipe ingredients for McDonald’s iconic Egg McMuffin.”
“I am encouraged by our operating performance for the quarter, with positive comparable sales across all segments, including the U.S., as well as sales recovery in China following the prior year supplier issue,” Easterbrook said in a statement. “I am confident in the fundamental strength of the McDonald's System and our ability to drive initiatives that are focused on delivering the greatest benefit for our customers.”