The company said net income for the quarter decreased 3% to $2,255 million, and diluted earnings per share decreased 1% to $3.13. On a 9-month basis, net income decreased 3% to $6,207 million, and diluted earnings per share decreased 2% to $8.59.

1. 01

   The company said net income for the quarter decreased 3% to $2,255 million, and diluted earnings per share decreased 1% to $3.13. On a 9-month basis, net income decreased 3% to $6,207 million, and diluted earnings per share decreased 2% to $8.59.

2. 02

   The company said quarterly operating income decreased $20 million (1%), reflecting net pre-tax charges of $52 million tied to the sale of its business in South Korea and the acquisition of its business in Israel, and restructuring charges of $46 million. Excluding those charges and other items, quarterly operating income rose 2%.

3. 03

   The company said operating cash flow for the 9 months was $6.8 billion, exceeding capital expenditures of $4.8 billion. It paid dividends of $1.2 billion in the quarter and repurchased 1.7 million shares for $444 million. Total dividends for the 9 months were $3.6 billion, and total share repurchases were 8.3 million shares, or $2.3 billion.

4. 04

   The company said it expects capital expenditures for 2024 of $2.5 billion to $2.7 billion and plans to open more than 2,100 restaurants worldwide. It also said it expects the operating margin for 2024 to be in the mid-to-high 40% range and the full-year effective tax rate to be between 20% and 22%.

Key figures

Quarter ended September 30, 2024

Revenue

$6.9B

Operating income

$3.2B

Net income

$2.3B

EPS

$3.13

Operating cash flow

$2.7B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.