McDonald’s Shares Surge on Strong Second Quarter Earnings Beat

McDonald’s today announced robust second-quarter earnings and revenue, significantly surpassing analyst expectations. The fast-food giant’s stock saw a 3% increase in premarket trading following the positive report, signaling strong investor confidence.

The company reported adjusted earnings per share of $3.19, exceeding the $3.15 consensus estimate. Revenue also outperformed, reaching $6.84 billion against an expected $6.7 billion. Net income for the quarter stood at $2.25 billion, or $3.14 per share, a notable increase from $2.02 billion, or $2.80 per share, reported in the same period last year.

CEO Chris Kempczinski attributed the strong performance to successful value offerings, impactful marketing campaigns, and popular new menu items, which collectively drove a 6% rise in system sales. Same-store sales, a key indicator of existing restaurant performance, jumped 3.8% globally, marking the largest increase in nearly two years.

The U.S. market, which had experienced two consecutive quarters of declines, rebounded with a 2.5% increase in same-store sales. This turnaround is likely due to strategic promotions like the ‘Minecraft’ movie tie-in meal and the introduction of McCrispy Chicken Strips, which successfully re-engaged low- and middle-income diners. International markets also showed strong demand, with the international developmental licensed markets division (including Japan and China) seeing 5.6% growth, and the international operated markets segment (featuring the UK, Australia, and Canada) reporting a 4% rise.

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