Wednesday November 5, 2025, 09:49:27

MCD (Post-Call): Faring Relatively Well in a Challenging Environment

By Mark Kalinowski

Earlier today (Wednesday), McDonald’s reported Q3 adjusted EPS of $3.22. This was lower than our $3.30 forecast and sell-side consensus (according to Consensus Metrix) of $3.32. By our math, the Q3 adjusted tax rate of 22.5% was modestly less favorable than our 21.5% forecast and consensus of 21.2%. By our math, the difference between the 22.5% tax rate and 21.5%E hampered McDonald’s Q3 adjusted EPS by about -5 cents.

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Wednesday October 22, 2025, 07:00:00

MCD: Franchisee Survey Part Two Looks at the National Owners Association (NOA)

By Mark Kalinowski

McDonald’s plans to release its Q3 earnings before the market open on Wednesday, November 5th. Today we publish part two of the October 2025 edition of our proprietary McDonald’s Franchisee Survey. As part of this, we asked our franchisee contacts to provide some commentary about the National Owners Association (NOA).

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Tuesday October 21, 2025, 07:00:00

MCD: Latest Franchisee Survey Leads to Updated Forecasts (10/21/2025)

By Mark Kalinowski

McDonald’s plans to release its third-quarter earnings before the market open on Wednesday, November 5th. Ahead of that, we publish part one of our two-part, proprietary McDonald’s Franchisee Survey today.

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