McDonald's Corporation reported its financial results for the quarter and nine months ended September 30, 2024, highlighting a mixed performance amid ongoing market challenges. Total revenues for Q3 2024 reached $6,873 million, a 3% increase compared to the same quarter in 2023. For the nine months, revenues totaled $19,532 million, reflecting a 2% increase year-over-year. The revenue breakdown showed $2,656 million from company-owned restaurants and $4,094 million from franchised locations for the quarter, while for the nine months, the figures were $7,472 million and $11,756 million, respectively.

Operating income for Q3 2024 was $3,188 million, a slight decrease of 1% from $3,208 million in Q3 2023. For the nine months, operating income remained flat at $8,844 million. Net income for Q3 2024 was $2,255 million, down 3% from $2,317 million in the prior year, while net income for the nine months was $6,207 million, also a 3% decline compared to $6,430 million in 2023. Diluted earnings per share for Q3 2024 were $3.13, a decrease of 1%, and $8.59 for the nine months, down 2% from the previous year.

The company incurred restructuring charges of $146 million related to its "Accelerating the Organization" strategy, which aims to enhance operational efficiency and innovation. This initiative is expected to incur approximately $250 million in restructuring charges throughout 2024. Additionally, McDonald's acquired an additional 28% stake in Grand Foods Holding for $1.8 billion, increasing its total ownership to 48%.

Comparable sales showed a decline of 1.5% globally for Q3 2024, with the U.S. segment experiencing a modest increase of 0.3%. The International Operated Markets segment saw a decrease of 2.1%, primarily due to negative sales in France and the U.K. The International Developmental Licensed Markets segment faced a 3.5% decline, impacted by geopolitical tensions and negative sales in China.

Cash provided by operations for the nine months was $6.8 billion, exceeding capital expenditures by $4.8 billion. The company plans to open over 2,100 new restaurants globally in 2024, targeting nearly 4% net unit growth. McDonald's continues to focus on enhancing its digital experience and expanding its loyalty program, aiming for 250 million active loyalty users by 2027.

Overall, McDonald's performance reflects resilience amid external pressures, with strategic investments and operational adjustments aimed at sustaining growth in a competitive landscape.