Speaking of the Golden Arches, McDonalds held its Q3 earnings call this week and reported strong Q3 sales and earnings, especially in the US. US same store sales were up 14.9% vs. 2019, and 9.4% against 2020. All dayparts–breakfast, lunch and dinner were positive in same store sales with breakfast and dinner up plus 10%.…
On its earnings call on Tuesday of this week, Starbucks reported respectable earnings, beating both expected revenues ($22 million) and EPS ($.22 EPS, GAAP basis) for Fiscal Quarter 3. In the US, it has regained most of its prior position with same-store sales plus 10% versus Q3 in 2019 (plus 83% versus 2020). Virtually all…
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