Categories AlphaGraphs, Consumer, Earnings
MCD Earnings: McDonald’s Q2 2023 revenues and profit increase
Fast-food chain McDonald’s Corporation (NYSE: MCD) on Thursday reported an increase in adjusted earnings for the second quarter of 2023 when its revenues rose 14%.
The company said second-quarter adjusted profit increased to $3.17 per share from $2.55 per share in the comparable period of 2022. Unadjusted earnings rose to $2.31 billion or $3.15 per share in the June quarter from $1.19 billion or $1.60 per share a year earlier.
Global comparable store sales moved up 11.7% annually. At $6.50 billion, second-quarter net revenue was up 14% year-over-year.
“The McDonald’s brand has never been stronger and I remain inspired by the ability of the McDonald’s System to create cultural conversations and develop industry-leading innovations. While global macroeconomic challenges persist, we continue to invest in our growth drivers and our brand to meet the customer needs of tomorrow,” said McDonald’s chief executive officer Chris Kempczinski.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Applied Materials (AMAT) Earnings: 2Q24 Key Numbers
Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS
What to expect when Macy’s (M) reports its Q1 2024 earnings results
Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 23% over the past 12 months. The retailer is scheduled to report its first quarter 2024
Infographic: How Deere & Company (DE) performed in Q2 2024
Deere & Company (NYSE: DE) reported second quarter 2024 earnings results today. Total net sales and revenues decreased 12% year-over-year to $15.2 billion. Net income was $2.37 billion, or $8.53