McDonald's Corp (NYSE:MCD, ETR:MDO) beat Wall Street expectations for second-quarter revenue and earnings on Wednesday, fueled by solid demand across its global markets and ongoing investments in digital and menu innovation.
The fast-food giant reported revenue of $6.84 billion for the quarter ended June 30, up 5% from a year earlier and ahead of analysts’ estimates of $6.70 billion, according to LSEG data.
Adjusted earnings per share rose 7% to $3.19, topping the consensus forecast of $3.15.
Comparable sales increased 3.8% globally, well above expectations of a 2.5% rise, with all major segments outperforming.
Sales in the US rose 2.5%, while international operated markets climbed 4.0% and licensed markets surged 5.6%.
Operating income and net income each rose 11% from a year earlier, to $3.23 billion and $2.25 billion respectively.
“Our 6% global Systemwide sales growth is a testament to compelling value, standout marketing, and menu innovation,” CEO Chris Kempczinski said. “Our tech investments and digital scale will continue to elevate the McDonald's experience globally.”
Systemwide sales grew 8% year-over-year, while sales through the company’s loyalty program reached about $33 billion on a trailing twelve-month basis.
Shares of McDonald’s rose 2.1% in morning trading.