Categories AlphaGraphs, Consumer, Earnings
MCD Earnings: McDonald’s comp sales up 10% in Q2; earnings beat
Fast-food chain McDonald’s Corporation (NYSE: MCD) on Tuesday reported stronger-than-expected earnings for the second quarter of 2022, despite a decline in revenues. Global comparable store sales increased sharply.
The company said second-quarter adjusted profit increased to $2.55 per share from $2.37 per share in the comparable period of 2021. Analysts were looking for slower growth. Meanwhile, unadjusted earnings decreased to $1.19 billion or $1.60 per share in the June quarter from $2.22 billion or $2.95 per share a year earlier.
Global comparable store sales increased 10% annually. At $5.72 billion, second-quarter net revenue was down 3% year-over-year. The top line also missed analysts’ estimates.
“The McDonald’s System continues to demonstrate strength and resiliency. Our second quarter performance reflects outstanding execution against our Accelerating the Arches strategy. By focusing on our customers and crew, enabled by a rapidly growing digital capability, we delivered global comparable sales growth of nearly 10%,” said McDonald’s chief executive officer Chris Kempczinski.
Check this space to read management/analysts’ comments on McDonald’s Q2 2022 earnings
McDonald’s stock traded higher in the early hours of Tuesday’s session. The shares have gained about 3% in the past thirty days.
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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was
Microsoft (MSFT) reports higher revenue and profit for Q3 2024
Microsoft Corp. (NASDAQ: MSFT) on Thursday said its third-quarter 2024 earnings increased year-over-year, reflecting strong performance by the tech giant’s main operating segments. Third-quarter revenues came in at $61.86 billion,
GOOG, GOOGL Earnings: All you need to know about Alphabet’s Q1 2024 earnings results
Alphabet Inc. (NASDAQ: GOOG, GOOGL) reported its first quarter 2024 earnings results today. Revenues increased 15% year-over-year to $80.5 billion. Revenue growth was 16% in constant currency. Net income was