====McDonald's (MCD) reported earnings on Fri 21 Oct 2016 (b/o)

McDonald's beats by $0.14, beats on revs, comps  :

• Reports Q3 (Sep) earnings of $1.62 per share, $0.14 better than the Capital IQ Consensus of $1.48; revenues fell 2.9% year/year to $6.42 bln vs the $6.28 bln Capital IQ Consensus, due to the impact of refranchising.
• Global comparable sales increased 3.5% vs. ests. near +1.5%, +3.1% in Q2 and +4% last year, reflecting positive comparable sales in all segments.
• Consolidated operating income increased 5% (7% in constant currencies), which included $128 million of previously announced strategic charges, consisting of restructuring and non-cash impairment charges related to the Company's global G&A and refranchising initiatives.