Golden Arches, Golden Earnings
McDonalds, HSBC earnings, Evergrande court

Good Morning!
Happy Monday! ☀️
👉 McDonald’s beats expectations
👉 HSBC misses quarterly results
👉 Evergrande explores new debt deal amidst restructuring
The workweek is ahead, and we’re diving in.
MCDONALDS: Quarterly Serving of Success
McDonald’s announced better-than-expected earnings on Monday morning. Their earnings per share and revenue exceeded Wall Street expectations. They unveiled a third-quarter net income of $2.32 billion, equating to $3.19 per share. This is an increase from the previous year's $1.98 billion or $2.68 per share. The company witnessed a 14% surge in revenue, reaching $6.69 billion. The global sales for existing stores expanded by 8.8% this quarter, surpassing Wall Street's prediction of 7.8%. Sales in McDonald's U.S. outlets grew by 8.1%, driven in part by strategic pricing, although the exact increase in prices from the previous year wasn't revealed.
Source: McDonald’s
The brand attributes its sales boost to its promotional efforts and increased online and delivery orders. The international segment of McDonald’s experienced an 8.3% growth in sales for existing stores.
Earnings:
Earnings per share: $3.19 vs. $3.00 expected
Revenue: $6.69 billion vs. $6.58 billion expected
🎯 GRIT TAKE:
McDonald’s has historically been… upgrade to VIP to read the full GRIT take. Click below! Get 50% off your first year now until Oct 31st. 🎃
HSBC: Disappointing Quarter
HSBC reported a post-tax profit of $6.26 billion, marking a 235% surge from the $2.66 billion during the same timeframe the previous year. The premier European bank also recorded a revenue increase to $7.71 billion in the third quarter, up from $3.23 billion a year ago. This uptick is primarily attributed to a more favorable interest rate environment. Nevertheless, these figures fell short of analysts' projections. They had anticipated a post-tax profit of $6.42 billion and a pre-tax profit of $8.1 billion for the third quarter.

Source: Bloomberg
HSBC attributed part of the profit growth to a $2.3 billion write-down in the third quarter of 2022, associated with the intended divestment of its retail banking segment in France. From this total, $2.1 billion was recouped in the initial quarter of 2023 due to rising doubts over the deal's finalization. They unveiled a new buyback initiative and suggested the possibility of additional rewards for shareholders.
HSBC Earnings:
Revenue: $16.2B vs. $16.24B expected
Pre-Tax Profit: $7.71B vs. $8.1B expected
$3 billion share buyback
The Financial Ally You’ve Been Waiting For
Sponsored By: Hank Payments

It's not every day you find a company helping consumers lead better financial lives while ensuring debt holders and bills get paid.
Having processed +$1 billion in payments since 2018, Hank is reducing financial worry with a scalable, high-margin platform and attacking a $5.6 billion opportunity. The company's solutions make it easy for consumers and businesses to manage cash flow predictably and stress-free.
Hank’s intelligent automation orchestrates the collection, storage, and payment of bills, so that payers reduce interest expense, and build equity faster. Managing bills sucks but Hank is the financial ally looking out for your cash flow.
Want to Meet Hank? Click here to learn more!
*This is PAID advertising content and the disclaimer at the bottom of this email MUST be read carefully.
EVERGRANDE: A Week of Turmoil and Tension
On Monday, Evergrande's shares listed in Hong Kong plummeted to an unprecedented low following a court's decision to postpone a winding-up petition hearing to December 4th. This grants the beleaguered property developer a five-week window to negotiate with creditors or risk being dissolved.
Reuters indicated that the forthcoming hearing could be the final one before a conclusion is reached about the company's liquidation.
In light of an ongoing investigation into its founder, Hui Ka Yan, Evergrande informed the Hong Kong High Court of modifications to its debt restructuring blueprint. The inquiry prevented Evergrande from releasing new dollar bonds, a crucial element of the initial strategy.
Source: Getty, BBC
Legal representatives of Evergrande conveyed to the court an intention to capitalize on two divisions: Evergrande Property Services and Evergrande New Energy Vehicle. In the updated strategy, bondholders have the option to exchange their bonds for shares and bonds associated with the two aforementioned subsidiaries.
Headlines You Need To Know: 🎙
UAW deal with Ford includes $8.1 billion in investments
Biden unveils executive order for AI
Hedge funds pile into uranium stocks set for dramatic rise
The big bond event on Wednesday is at the treasury, not the fed
Peltz pushes for Disney board seats
Higher bond yields could end the Fed’s historic rate hikes
Workers are doing less work for the same pay
Canada auto-union reaches deal
Democratizing Access to Web3.
Sponsored By: Tokens.com

Dive into the future of Web3 and Gaming. Generation Z and Alpha, set to be history's largest consumers, are spearheading the gaming evolution. Citibank foresees vast expansion in web3, the metaverse, and tokenization, with gaming leading the entertainment charge.
Tokens.com, recognized by Forbes, WSJ, and The BBC, is also a dominant force in web3 gaming, helping brands create immersive experiences in Roblox, Fortnite, and any other platform.
As ecommerce enters a new era with 3D metaverse integration, Tokens.com is at the forefront with innovative tools. Tomorrow's tech giants are web3-focused.
Ready for the next level? Click to explore!
*This is PAID advertising content and the disclaimer at the bottom of this email MUST be read carefully.

Hauntingly Profitable: The Spooky Success of Spirit Halloween
You have probably heard of the military-industrial complex, but the Halloween industrial complex is no joke. It is predicted that Spirit Halloween is going to do between $500-$750 million worth of revenue this fall. In 1983, the first-ever Spirit Halloween popped up in Castro Valley, California. It was an extension of founder Joe Marver’s women’s clothing store. Historically speaking, October is a slow month for retail stores. However, Marver saw that there were lines coming out of a local Halloween store, which led him to put costumes in his store. Marver did not name the store “Spirit” because of Ghosts. He took the name of his women’s clothing store (Spirit Women’s Discount Apparel). In the first year, Spirit Halloween did $100,000 in 30 days. Over the next 16 years, Spirit Halloween opened in 60+ locations that only operated in August, September, and October.

Source: costar
In 1999, Marver sold Spirit Halloween to mall retailer Spencer’s. For Spirit Halloween, a pop-up lease is ideal because they are only paying for retail space when they genuinely need it. They are not a year-round business, so they do not need a lease. In the early stages, it was hard for Spirit Halloween to convince landlords to go along with their idea of a pop-up lease. However, when the Great Recession hit in 2008, landlords found that pop-up leases were a good way of filling vacant retail spaces. In other words, some money was better than no money. Spirit adds a kick-out clause to their lease, which means that the landlord can kick them out if they find a long-term tenant. The key for Spirit is finding a giant space that is vacant. They are looking for around 40,000 square feet of real estate. This is usually found in shopping centers or shopping malls. As of October 2022, they have around 1,480 stores around the USA open.
Chart of the Day
US National Debt vs. Economy
The US national debt is growing faster than the economy. The government’s debt exceeded annual GDP ~10 years ago.

Source: Unusual Whales
Real, Hard, “Liquid” Assets
Sponsored By: Vinovest

For hundreds of years, the ultra-wealthy have invested in fine wine and whiskey. Unless you had serious cash and connections, a seat at the exclusive table was off-limits.
Until now: Vinovest is democratizing these assets so anyone can diversify beyond the stock market!
Vinovest’s easy-to-use platform cuts out the middlemen and connects you with a portfolio manager who works with distilling partners to find the right assets for your unique goals and horizons.
Why whiskey?
With a 478% growth in value from 2011 to 2021, Fine Whiskey was ranked the world’s best-performing luxury asset by Knight Frank!
Want to learn more about how the industry works and how this non-correlated, shorter duration alternative investment fits with your financial goals?
*This is PAID advertising content and the disclaimer at the bottom of this email MUST be read carefully.

GRIT Meme of the Day 😂
Tag GRIT Capital on social media for a chance to be featured in our meme or Tweet of the day in our GRIT daily newsletter! 👇

Source: @wallstbets
Have feedback to share? Click HERE. Good or bad, we are always eager to improve our newsletter.


The author, publisher or insiders of the publisher may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.
DISCLAIMER: This newsletter contains content sponsored by Hank Payments Corp. Grit Capital Corporation (“Grit”). has been paid by Hank Payments Corp. to conduct an advertising campaign of 6 months on this newsletter and other websites and social media platforms owned and operated by Grit. Grit has been paid in combination of cash and stock (including warrants at $0.10 strike price with expiry April 2025) for this advertising campaign and currently holds an ownership interest in Hank Payments Corp. as of the published date of this newsletter. Grit does not guarantee that it will maintain its ownership interest in Hank Payments Corp. and may increase or sell such interest at any time. Be aware that the payment received by Grit may put Grit in a conflict of interest with the investor/reader.
This newsletter contains content sponsored by Tokens.com Corp. Grit Capital Corporation (“Grit”). has been paid by Tokens.com Corp. to conduct an advertising campaign of 6 months on this newsletter and other websites and social media platforms owned and operated by Grit. Grit has been paid in combination of cash and stock for this advertising campaign and currently holds an ownership interest in Tokens.com Corp. as of the published date of this newsletter. Grit does not guarantee that it will maintain its ownership interest in Filament Health and may increase or sell such interest at any time. Be aware that the payment received by Grit may put Grit in a conflict of interest with the investor/reader.
This newsletter contains content sponsored by Vinovest,inc. (“Vinovest“). (“Grit”). has been paid by Vinovest,inc. (“Vinovest“) to conduct an advertising campaign on this newsletter and other websites and social media platforms owned and operated by Grit. Grit has been paid in cash for this advertising campaign. Be aware that the payment received by Grit may put Grit in a conflict of interest with the investor/reader.
Grit is a publisher of financial information, not an investment advisor. Grit does not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient. Grit does not guarantee the accuracy or completeness of the information provided in this page. All statements and expressions herein are the sole opinion of the author or paid advertiser.
THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME. THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN. INVESTORS SHOULD OBTAIN INDIVIDUAL INVESTMENT ADVICE BASED ON THEIR OWN CIRCUMSTANCES BEFORE MAKING AN INVESTMENT DECISION
No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned.
The author, publisher or insiders of the publisher may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.
Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable. They are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur. Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and Grit undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material.
Grit does not accept any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein.
By using the Site or any related social media account, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.
Grit publishes content through Beehiiv, an email newsletter platform and operates the websites Gritcap.io and Get-versed.io and and social media accounts (including but not limited to): Instagram, Twitter, Linkedin, TikTok, YouTube, SnapChat, Facebook and Threads. By accessing Grit’s content, you agree to be bound by the Terms of Use and Privacy Policy, in effect at the time you access this website or any page thereof or any of Grit’s content. The Terms of Use and Privacy Policy may be amended from time to time. Nothing on this website or Grit constitute an offer to sell, or a solicitation of an offer to buy or subscribe for, any securities to any person in any jurisdiction where such an offer or solicitation is against the law or to anyone to whom it is unlawful to make such offer or solicitation. Grit is not an underwriter, broker-dealer, Title III crowdfunding portal or a valuation service and does not engage in any activities requiring any such registration. Grit does not provide advice on investments or structure transactions. Offerings made under Regulation A under the U.S. Securities Act of 1933, as amended (the "Securities Act") are available to U.S. investors ONLY who are “accredited investors” as defined by Rule 501 of Regulation D under the Securities Act well as non-accredited investors, who are subject to certain investment limitations as set forth in Regulation A under the Securities Act. In order to invest in Regulation A offerings, investors may be asked to fill out a certification and provide necessary documentation as proof of your income and/or net worth to verify that you are qualified to invest in offerings posted on this website. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. Grit does not verify the adequacy, accuracy or completeness of any information. Neither Grit nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, valuations of securities or completeness of any information on this site or the use of information on this site. Neither Grit nor any of its directors, officers, employees, representatives, affiliates or agents shall have any liability whatsoever arising from any error or incompleteness of fact, or lack of care in the preparation of, any of the materials posted on this website. Investing in securities, especially those issued by start-up companies, involves substantial risk. investors should be able to bear the loss of their entire investment and should make their own determination of whether or not to make any investment based on their own independent evaluation and analysis.
Please read: Terms of Use, Privacy Policy, Disclosure Policy, State Disclosure Policy, and Disclaimer Policy
If you have any questions please contact us at [email protected]