McDonald's Beats Sales Estimates as Value Meals Pull in Cautious Diners

McDonald's beat estimates for third-quarter global comparable sales on Wednesday as affordable meal offers from the fast-food giant helped whet demand even as consumers remained selective with their spending.

The burger chain posted global same-store sales growth of 3.6%, slightly ahead of analysts' average estimate of a 3.55% increase, according to data compiled by LSEG, driven by strength across its U.S. and international markets.

Fast-food chains including McDonald's, Domino's Pizza and Taco Bell owner Yum Brands have rolled out cheaper meal bundles and limited-time offers to offset a slowdown in restaurant traffic, as...

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