- McDonald’s global same-store sales fell 2.2% during the third quarter.
- The fast-food chain said its U.S. same-store sales turned positive.
- McDonald’s also said it is increasing its quarterly cash dividend by 3% to $1.29 per share.
McDonald’s said Thursday its U.S. same-store sales in the third quarter rose nearly 5% as customers ate more Big Macs and McNuggets for dinner.
Fast-food companies like McDonald’s have been recovering from the coronavirus pandemic faster than the broader restaurant industry, thanks to their convenient drive-thrus and cheap prices. Shares of McDonald’s, which has a market value of $177 billion, have risen more than 16% this year.
The stock rose 1% in premarket trading on the announcement.
The chain’s U.S. comeback has been helped by its promotions and