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.

McDonald’s Q2 2022 earnings infographic

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

  • McDonald's Q3 2021 earnings infographic
  • McDonald's Corp Q1 2021 earnings
  • McDonald's Q1 2022 Earnings Infographic
  • McDonald’s Q4 2021 earnings infographic
  • McDonald’s Q2 2021 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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