McDonald's Corporation (MCD) reported second-quarter 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. The top and bottom lines decreased on a year-over-year basis.Chairman and CEO Chris Kempczinski expressed strong belief in the company's "Accelerating the Arches" strategy, emphasizing its suitability for the business. Kempczinski noted that as consumers become more selective with their spending, the company remains dedicated to consistently delivering dependable value. Additio ...

McDonald's executives acknowledged Monday that diners consider the company's prices too high as lower-income consumers balk after years of high inflation.During the company's second-quarter earnings call Monday, executives said that they are taking a "forensic approach" to evaluating prices and trying to create value. The company posted worse-than expected second-quarter earnings, as same-store sales declined across every division."We recognize that in several large markets, including the U.S., we have an o ...

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 ...