Whether you eat fast food or not, names like the Big Mac or McFlurry will be familiar to you. That’s because they’re on the menu of the fast-food giant. The McDonald’s Corp. is one of the world’s largest fast-food providers, with changing special offers and menus. But are the newly released figures also a treat?

McDonalds Increases Revenue and Profit For the third quarter, the company reported revenue of $6.69 billion compared to $5.82 billion a year ago. Net income was $2.31 billion compared to $1.98 billion in the prior year. Earnings per share from continuing operations were $3.17 compared to $2.68 in the prior year.

The Balance Sheet of the first 9 months looks tasty too In the first nine months, revenue was $19.09 billion compared to $17.26 billion a year ago. Net income was $6.43 billion compared to $4.27 billion in the prior year.

Cheaper menus lead to revenue and profit growth Despite the general price increases last year, McDonalds was able to keep the cost of its menus quite affordable. This counteracted the trend that consumers were increasingly staying at home due to inflation.

Analysts see potential of up to 42% Conclusion: The figures reported by the fast-food giant are encouraging. The mood among analysts is also positive. In total, 29 of 37 analysts recommend buying and 8 are holding. The average analyst target price is $303, offering you only limited potential upside. The highest target price is $383, giving you a potential upside of 42%. With a dividend yield of 2.46%, the burger will be even more delicious. Let’s take a look at the valuation. With a P/E of 21 based on the 2024 earnings estimates, the fast-food stock is moderately valued.