In October, the fast-food giant said its U.S. same-store sales turned positive, rising 4.6% in the Q3. A promotion with rapper Travis Scott helped boost sales in September, fueling the chain’s highest monthly same-store sales growth in nearly a decade.
But international markets’ are taking longer to bounce back after being hit harder by pandemic restrictions, dragging down McDonald’s total same-store sales. The company reported global same-store sales declines of 2.2% for the quarter. And international markets will likely continue to weigh on McDonald’s business.
England, Germany and France, some of the company’s largest markets, are re-imposing lockdowns as Covid-19 cases and deaths soar in those countries. Following the announcement of its third-quarter results, McDonald’s is scheduled to hold a virtual investor meeting.