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.

Prior Performance

  • McDonald's Corp Q1 2021 earnings
  • McDonald's Corp Q3 2020 earnings

Most Popular

Stitch Fix (SFIX) Stock: Will the innovative biz model survive virus-led slump?

The business world is still struggling to come out of the virus-induced slowdown, but it seems almost every retail segment benefited from the pandemic at some point. The vaccination drive

General Mills (GIS): Three factors that are expected to help drive growth for the food company going forward

Shares of General Mills Inc. (NYSE: GIS) were up 3.2% on Wednesday after the company delivered better-than-expected results for the first quarter of 2022. Net sales rose 4% year-over-year to

IPO Alert: Allvue Systems sets IPO terms, to raise around $290 million

It is estimated that the alternative investments industry has expanded at a compound annual rate of 10.2% over the past ten years and had $11 trillion in assets under management

Add Comment
Viewing Highlight