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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| McDonalds Corp | NYSE:MCD | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 275.58 | 139 | 10:11:36 |
From Apr 2021 to Apr 2024
By Colin Kellaher
McDonald's Corp. on Wednesday posted second-quarter revenue and earnings that surpassed Wall Street's expectations amid a strong recovery from the coronavirus pandemic.
The Chicago fast-food giant reported net income of $2.22 billion, or $2.95 a share, for the quarter, up from $483.8 million, or 65 cents a share, a year earlier, when results were dragged down by worldwide closures related to the pandemic.
Excluding items, McDonald's reported an adjusted profit of $2.37 a share for the quarter. well above the $2.11 analysts polled by FactSet, on average, were expecting.
Revenue surged 57% to $5.89 billion, topping the $5.58 billion analysts were looking for, as worldwide comparable sales jumped 40.5%.
On a two-year basis, global comparable sales were up 6.9% in the quarter, marked by gains in all segments.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 28, 2021 07:14 ET (11:14 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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