McDonald's Q2 Profit Soars, Results Top Estimates

RTTNews | 488 days ago
Stocktwits
McDonald's Q2 Profit Soars, Results Top Estimates

(RTTNews) - Fast-food giant McDonald's Corp. (MCD) reported Wednesday that net income for the second quarter soared to $2.31 billion or $3.15 per share from $1.19 billion or $1.60 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $3.17 per share, compared to last year's $2.55 per share.

On average, 28 analysts polled by Thomson Reuters expected the company to report earnings of $2.52 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 14 percent to $6.50 billion from $5.72 billion in the same quarter last year, and it also was up 14 percent in constant currencies. Analysts expected revenues of $5.66 billion for the quarter.

Global comparable sales increased 11.7 percent, reflecting strong comparable sales across all segments.

Systemwide sales increased 12 percent or 13 percent in constant currencies. The company said digital systemwide sales in its top six markets were over $8 billion for the quarter, representing nearly 40 percent of systemwide sales.

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Tags: MCD
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McDonald's Stock Hit By E. Coli Outbreak Link To Quarter Pounders

McDonald's Stock Hit By E. Coli Outbreak Link To Quarter Pounders

McDonald's Corp.'s shares lost around 6 percent in the after-hours trading on Tuesday and are currently trading down around 6 percent in pre-market activity on the NYSE after the U.S. Centers for Disease Control and Prevention or CDC linked severe E. coli outbreak in Mountain West states to the fast food chain's Quarter Pounder hamburgers.
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McDonald's Q2 Profit Falls, Misses Market As Comps Down

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McDonald's Corp. announced Monday weak profit in its second quarter, below market estimates, hit mainly by higher charges and lower Systemwide sales and comparable sales. The fast food major's total revenues were nearly flat, but it grew about 1 percent in constant currencies. In pre-market activity on the NYSE, McDonald's shares were gaining around 0.6 percent.
RTTNews | 120 days ago
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Burger King Co., owned by Restaurant Brands International Inc., is planning to launch $5 value meal to boost demand among Americans, who are cutting back on dining out, reports said. The fast-food hamburger chain's offer is said to include a choice of one of three sandwiches, with nuggets, fries, and a drink. The news comes after rival chain McDonald's reportedly announced a plan to introduce...
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McDonald's Global Operations Hit By System Failure

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RTTNews | 256 days ago
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McDonald's Corp. (MCD) and all five members of the restaurant chain's North American Logistics Council (NALC) - Armada, Earp Distribution, Martin Brower, Mile Hi Foods and The Anderson-DuBose Company - announced Thursday they have signed agreements with Enel North America to purchase renewable energy and the associated renewable energy certificates (RECs) from Enel Green Power's Blue Jay solar project in Grimes County, Texas.
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