McDonald's Non-GAAP EPS of $2.55 beats by $0.08, revenue of $5.72B misses by $100M

Jul. 26, 2022 7:03 AM ETMcDonald's Corporation (MCD)By: Niloofer Shaikh, SA News Editor31 Comments
  • McDonald's press release (NYSE:MCD): Q2 Non-GAAP EPS of $2.55 beats by $0.08.
  • Revenue of $5.72B (-2.9% Y/Y) misses by $100M.
  • Shares -0.5% PM.
  • Global comparable sales increased 9.7%, reflecting positive comparable sales across all segments - U.S. increased 3.7%.
  • Digital Systemwide sales in top six markets exceeded $6B for the quarter, representing nearly a third of their total Systemwide sales.
  • "The McDonald's System continues to demonstrate strength and resiliency," said McDonald's President and Chief Executive Officer, Chris Kempczinski. "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%. Nonetheless, the operating environment across the competitive landscape remains challenging. While we are planning for a wide range of scenarios, I am confident that our plans and people position McDonald's to weather this environment better than others."

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