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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
  -3.32 -1.37% 239.45 242.645 239.42 241.82 2,402,253 20:51:48

McDonald's Second-Quarter Tops Views Amid Pandemic Bounce Back

28/07/2021 12:18pm

Dow Jones News


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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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