McDonald's Posts Q2 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/MCD'>McDonald's (NYSE:MCD)</a> reported its Q2 results yesterday, delivering impressive results both in revenue and earnings, driven by robust same-store sales.</p>
<p>During the quarter, global comparable sales soared by 11.7%, surpassing the Street estimate of an 8.88% increase. The U.S. market saw a notable rise in comparable sales of 10.3%, while the International Operated Markets segment and the International Developmental Licensed Markets segment exhibited even stronger growth at 11.9% and 14.0%, respectively.</p>
<p>The company attributed the U.S. sales gains to the implementation of strategic menu price increases and an increase in positive guest counts, which contributed to the overall strong performance.</p>
<p>Regarding earnings, McDonald's reported a significant surge of 97% in EPS to $3.15, surpassing the Street estimate of $2.75. Additionally, revenues showed an impressive 14% growth in constant currencies, reaching $6.5 billion, exceeding the Street estimate of $6.29 billion.</p>

NYSE:MCD