McDonald’s NYSE: MCD Q2 results weren’t awesome, but the miss was slim compared to the consensus estimates, and revision trends suggest the market was secretly expecting worse. All but one analyst lowered their revenue and earnings estimate over the past quarter, leading the whisper figure to be well below the consensus. The takeaway is that McDonald’s Accelerating the Arches Strategy is gaining traction, and when trading near the bottom of its trading range, McDonald’s stock is a deep value. McDonald's Tod ...

Key TakeawaysMcDonald's reported second-quarter earnings below what analysts had projected Monday, as comparable sales declined from last year.Revenue was flat year-over-year despite analysts projecting growth, while profits fell about 12%.The chain's recent "$5 Meal Deal" promotion has reportedly provided a boost to sales, but the launch date means it will have more of an impact on third-quarter earnings. McDonald's (MCD) second-quarter earnings fell short of analysts' estimates Monday as lower foot traffi ...

McDonald's (MCD) came out with quarterly earnings of $2.97 per share, missing the Zacks Consensus Estimate of $3.08 per share. This compares to earnings of $3.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.57%. A quarter ago, it was expected that this world's biggest hamburger chain would post earnings of $2.71 per share when it actually produced earnings of $2.70, delivering a surprise of -0.37%.Over the last four quar ...

McDonald’s on Monday reported its first sales drop since the early days of the coronavirus pandemic as the burger giant struggled to draw in cash-strapped customers because of inflated menu prices.The Chicago-based fast food chain — which rolled out a $5 value meal last month to lure customers — said that its same-store sales in the US fell by 0.7% in the second quarter while revenues were flat, missing analyst estimates of an 0.8% increase.Last year, US-based same-store sales rose 10.3%. Sales in internati ...

McDonald's reported a surprise drop in sales and missed Wall Street estimates for quarterly profit on Monday, as the burger giant struggled to draw in cash-strapped customers opting to eat at home due to higher menu prices. Global sales fell 1% in the second quarter, its first decline in 13 quarters, compared with analysts' average estimate of a 0.53% rise, according to LSEG data.Persistent inflation has forced lower-income groups to shift to affordable food options at home, leading to fast food chains incl ...

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...

Exhibit 99.2 | --- | |---------------------------------------| | McDonald's Corporation | | Supplemental Information (Unaudited) | | Quarter and Six Months Ended June 30, | Impact of the War in the Middle East 1 Impact of Foreign Currency Translation 1 Net Income and Diluted Earnings per Share 2 Revenues 4 Comparable Sales 5 Systemwide Sales and Franchised Sales 6 Restaurant Margins 7 Selling, General & Administrative Expenses 8 Other Operating (Income) Expense, Net 8 Operating Income 9 Interest Expense 10 ...

Consolidated revenues for the quarter were nearly $6.5 billion, an increase over prior year of about 1% in constant currenciesSystemwide sales* to loyalty members across 50 loyalty markets were over $26 billion for the trailing twelve-month period and approximately $7 billion for the quarterCHICAGO, July 29, 2024 /PRNewswire/ -- McDonald's Corporation today announced results for the second quarter ended June 30, 2024."We are confident that Accelerating the Arches is the right playbook for our business and a ...

McDonald's Corporation MCD will release its second-quarter financial results, before the opening bell on Monday, July 29.Analysts expect quarterly earnings at $3.07 per share. That's down from $3.17 per share in the year-ago period. McDonald's expects to post revenue of $6.61 billion, compared to $6.27 billion a year earlier, according to data from Benzinga Pro.McDonald's just declared a quarterly cash dividend of $1.67 per share of common stock payable on Sept. 17 to shareholders of record on Sept. 3.McDon ...

Subway started phasing out its $5 footlong sandwiches a decade ago. But these days, other fast-food chains have revived the $5 price point, hoping to win over customers who have cut back their spending.As many restaurant companies prepare to report their second-quarter results, investors are expecting to hear that diners are visiting their locations less frequently and that sales have turned sluggish, with few exceptions such as Chipotle. In the hopes of lifting their results for next quarter, chains such a ...