McDonald’s Corp. (NYSE: MCD) reported its most recent quarterly results before the markets opened on Thursday. The fast-food giant posted $1.99 in earnings per share (EPS) and $5.35 billion in revenue, which compares with consensus estimates of $1.92 in EPS and $5.32 billion in revenue. In the same period of last year, the burger chain said it had EPS of $1.70 on revenue of $6.05 billion.
During the latest quarter, global comparable sales increased 4.0%, reflecting positive comparable sales in all segments. Here’s what the comparable sales segment breakdown looked like:
- U.S. +2.6%
- International Lead +4.9%
- High Growth +2.6%
- Foundational Markets +6.8%
Systemwide sales increased 5% in constant currencies.
McDonald’s did not offer any guidance for the third quarter. However, consensus estimates call for $2.02 in EPS and $5.4 billion in revenue for the quarter.
Steve Easterbrook, McDonald’s president and CEO, commented:
We’re seeing good performance across our business as our customers tell us that they value and appreciate the moves we’re making to elevate the McDonald’s experience. We’re pleased with the results of our international business and the progress we’re making in the U.S. on executing on our Velocity Growth Plan priorities. We’ve now marked 12 consecutive quarters of positive comparable sales, and we are confident that we’re executing the right strategy to achieve long-term, profitable growth.
Shares of McDonald’s traded down fractionally early Thursday at $157.76, with a consensus analyst price target of $186.15 and a 52-week range of $146.84 to $178.79.
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