McDonald's has reported a stronger than expected quarterly profit and signalled positive trends in October as consumers sought low-cost eating options.
The world's largest hamburger chain also reported better than expected underlying sales in September as demand was up in all regions.
McDonald's third-quarter net profit rose by about 6% to $1.26 billion, or $1.15 a share, from $1.19 billion a year earlier. Foreign currency movements affected profits slightly.
Revenue, which includes sales from company-owned restaurants plus fees like royalties from franchisees, fell 4% to $6.05 billion, slightly below expectations.
As part of the Q3 results, the company said September sales at restaurants open at least 13 months rose 5.1% globally. Same-store sales increased 3.2% in the US, 6.9% in Europe and 5.3% in Asia/Pacific, the Middle East and Africa.
McDonald's has outperformed other fast-food restaurant companies, and said it expected global same-store sales to remain positive in October despite a declining informal eating-out market around the world.
