Categories AlphaGraphs, Consumer, Earnings, LATEST
McDonald’s (MCD) Earnings: Q2 profit jumps and tops expectations on 57% sales growth
McDonald’s Corporation (NYSE: MCD) Wednesday reported stronger-than-expected earnings and revenues for the second quarter of 2021.
The fast-food chain reported revenues of $5.89 billion for the June quarter, up 57% year-over-year and above Wall Street’s projection. Global comparable sales were up 40.5%.
Adjusted earnings jumped to $2.37 per share from $0.66 per share last year and topped expectations. Net income was $2.2 billion or $2.95 per share, compared to $483 million or $0.65 per share in the second quarter of 2020.
Read management/analysts’ comments on McDonald’s Q2 results
MCD shares declined slightly immediately following the announcement on Wednesday, after closing the previous session higher.
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