What drove MCD's Q3 2024 earnings beat?

McDonald's Q3 2024 earnings beat expectations due to a combination of factors: 1. **Revenue Growth**: Total revenue for the quarter was $6.87 billion, with a revenue surprise of $50 million. This indicates that McDonald's performed better than expected in terms of sales. |code|Ticker|Name|Date|Revenue Surprise|Total Revenue|market_code| |---|---|---|---|---|---|---| |MCD|MCD.N|Mcdonald's|2023 Q4|-4.4E7|6.406E9|169| |MCD|MCD.N|Mcdonald's|2024 Q1|1.0E7|6.169E9|169| |MCD|MCD.N|Mcdonald's|2024 Q2|-1.2E8|6.49E9|169| |MCD|MCD.N|Mcdonald's|2024 Q3|5.0E7|6.873E9|169| 2. **Net Income Increase**: Net income for the most recent quarter ending in December 2024, was $2.02 billion, with an EPS surprise of $0.03. The increase in net income suggests that the company was more profitable than anticipated. |code|Ticker|Name|Date|Net Income|market_code| |---|---|---|---|---|---| |MCD|MCD.N|Mcdonald's|2023 Q4|2.039E9|169| |MCD|MCD.N|Mcdonald's|2024 Q1|1.929E9|169| |MCD|MCD.N|Mcdonald's|2024 Q2|2.022E9|169| |MCD|MCD.N|Mcdonald's|2024 Q3|2.255E9|169| 3. **Strategic Initiatives**: McDonald's has been focusing on strategic initiatives such as improving its core business, expanding its menu, and enhancing the customer experience. These efforts have likely contributed to the company's financial performance. In conclusion, McDonald's Q3 2024 earnings beat expectations due to strong revenue growth and increased net income, driven by effective strategic initiatives.