McDonald’s sales fell for the first time since 2020 as lower-income consumers stayed home.The fast food giant released quarterly earnings Monday (July 29) showing a 1% dip in sales, with management saying the company is feeling the same pressures as much of the quick-service restaurant (QSR) market.“Beginning last year, we warned of a more discriminating consumer, particularly among lower-income households,” CEO Chris Kempczinski said during an earnings call.“And as this year progressed, those pressures hav ...

McDonald’s NYSE: MCD Q2 results weren’t awesome, but the miss was slim compared to the consensus estimates, and revision trends suggest the market was secretly expecting worse. All but one analyst lowered their revenue and earnings estimate over the past quarter, leading the whisper figure to be well below the consensus. The takeaway is that McDonald’s Accelerating the Arches Strategy is gaining traction, and when trading near the bottom of its trading range, McDonald’s stock is a deep value. McDonald's Tod ...

Key TakeawaysMcDonald's reported second-quarter earnings below what analysts had projected Monday, as comparable sales declined from last year.Revenue was flat year-over-year despite analysts projecting growth, while profits fell about 12%.The chain's recent "$5 Meal Deal" promotion has reportedly provided a boost to sales, but the launch date means it will have more of an impact on third-quarter earnings. McDonald's (MCD) second-quarter earnings fell short of analysts' estimates Monday as lower foot traffi ...

McDonald's (MCD) came out with quarterly earnings of $2.97 per share, missing the Zacks Consensus Estimate of $3.08 per share. This compares to earnings of $3.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.57%. A quarter ago, it was expected that this world's biggest hamburger chain would post earnings of $2.71 per share when it actually produced earnings of $2.70, delivering a surprise of -0.37%.Over the last four quar ...

McDonald’s on Monday reported its first sales drop since the early days of the coronavirus pandemic as the burger giant struggled to draw in cash-strapped customers because of inflated menu prices.The Chicago-based fast food chain — which rolled out a $5 value meal last month to lure customers — said that its same-store sales in the US fell by 0.7% in the second quarter while revenues were flat, missing analyst estimates of an 0.8% increase.Last year, US-based same-store sales rose 10.3%. Sales in internati ...

McDonald's reported a surprise drop in sales and missed Wall Street estimates for quarterly profit on Monday, as the burger giant struggled to draw in cash-strapped customers opting to eat at home due to higher menu prices. Global sales fell 1% in the second quarter, its first decline in 13 quarters, compared with analysts' average estimate of a 0.53% rise, according to LSEG data.Persistent inflation has forced lower-income groups to shift to affordable food options at home, leading to fast food chains incl ...

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Exhibit 99.2 | --- | |---------------------------------------| | McDonald's Corporation | | Supplemental Information (Unaudited) | | Quarter and Six Months Ended June 30, | Impact of the War in the Middle East 1 Impact of Foreign Currency Translation 1 Net Income and Diluted Earnings per Share 2 Revenues 4 Comparable Sales 5 Systemwide Sales and Franchised Sales 6 Restaurant Margins 7 Selling, General & Administrative Expenses 8 Other Operating (Income) Expense, Net 8 Operating Income 9 Interest Expense 10 ...

Core Insights - McDonald's reported consolidated revenues of nearly $6.5 billion for Q2 2024, reflecting a 1% increase in constant currencies compared to the prior year [1] - The company experienced a global comparable sales decrease of 1.0%, with declines across all segments, including a 0.7% decrease in the U.S. and a 1.1% decrease in International Operated Markets [1][3] - The CEO emphasized the importance of delivering reliable value and accelerating growth drivers such as chicken and loyalty programs amid changing consumer spending habits [1] Financial Performance - Consolidated revenues for Q2 2024 were $6,490 million, slightly down from $6,498 million in Q2 2023 [5] - Operating income decreased by 6% to $2,920 million, impacted by $97 million in pre-tax non-cash impairment charges and $57 million in restructuring charges [5][16] - Diluted earnings per share fell to $2.80, an 11% decrease from $3.15 in the same quarter last year [5][16] Comparable Sales Analysis - U.S. comparable sales decreased by 0.7%, while International Operated Markets and International Developmental Licensed Markets saw declines of 1.1% and 1.3%, respectively [3][4] - The negative comparable sales in the U.S. were attributed to lower guest counts, although average check growth helped mitigate the decline [3] - International performance was affected by various factors, including negative sales in France and the impact of geopolitical events in the Middle East and China [3][4] Systemwide Sales and Loyalty - Systemwide sales to loyalty members exceeded $26 billion over the trailing twelve months, with approximately $7 billion for the quarter [1] - The loyalty program's performance is seen as a key driver for future growth, as the company aims to enhance customer engagement and retention [1][10] Operational Metrics - The company reported a net income of $2,022 million for Q2 2024, down 12% from $2,310 million in Q2 2023 [5][16] - The effective tax rate increased, contributing to the decline in net income, alongside higher interest expenses [5][16] - Free cash flow metrics are being monitored to evaluate the company's ability to convert profits into cash resources for shareholder value enhancement [11]

McDonald's Corporation MCD will release its second-quarter financial results, before the opening bell on Monday, July 29.Analysts expect quarterly earnings at $3.07 per share. That's down from $3.17 per share in the year-ago period. McDonald's expects to post revenue of $6.61 billion, compared to $6.27 billion a year earlier, according to data from Benzinga Pro.McDonald's just declared a quarterly cash dividend of $1.67 per share of common stock payable on Sept. 17 to shareholders of record on Sept. 3.McDon ...