EMBARGOED 7AM PLS DONT PUB: McDonald's posts slow Q3 growth amid tough consumer backdrop, new drinks push

McDonald's (MCD) sales growth slowed in the third quarter as consumers faced a challenging economic backdrop and the fast food chain unveiled its growth strategy. The results showed that same-store sales grew by 1.5% year over year, a tick above the 1.4% growth Wall Street expected, according to Bloomberg estimates. In Q3 last year, McDonald's posted same-store sales growth of 3.6%. (MCD ) Go deeper with AlphaSpace 263.04 -2.60 (-0.98%) At close: November 3 at 4:00:02 PM EST 263.44 +0.35 (+0.13%) Pre-Market: 4:39:53 AM EST In the US, the company posted a 0.2% decline in comparable sales, slightly narrower than the expected 0.5% drop. Data from Placer.