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Investing.com -- McDonald’s Corporation (NYSE: MCD) reported second-quarter results before the open on Tuesday, topping earnings expectations but missing on revenue.

Adjusted earnings per share of $3.38 beat analyst estimates of $3.34, though revenue of $7.1 billion fell slightly short of the $7.14 billion consensus.

The company’s adjusted EPS of $3.38 represented a 6% increase from $3.19 in the prior year quarter, excluding restructuring charges of $0.06 per share related to its Accelerating the Organization initiative.

Revenue increased 4% YoY, or 2% in constant currencies. Global comparable sales rose 1.3% for the quarter, with the U.S. up 0.8%, International Operated Markets up 1.5%, and International Developmental Licensed Markets up 1.9%. Systemwide sales increased 5%, or 4% in constant currencies, to $37 billion.

Shares rose at the open and are currently up 0.8%.

"This quarter McDonald’s delivered positive comparable sales growth across every segment and acted decisively to strengthen execution as we prime McDonald’s for the next era of long-term growth," said Chris Kempczinski, Chairman and CEO.

U.S. comparable sales growth was driven by positive check growth, including favorable product mix, partly offset by negative comparable guest counts. In International Operated Markets, Germany, Australia and the U.K. led positive results, while France weighed on performance. International Developmental Licensed Markets saw positive comparable sales led by Japan, though China posted negative results.

The company reported consolidated operating income of $3.34 billion, up 3% YoY, or 2% in constant currencies. Excluding restructuring charges, operating income increased 4%, or 2% in constant currencies.

McDonald’s also announced the appointment of Skye Anderson, a 26-year company veteran, as President of McDonald’s USA, effective immediately. Anderson succeeds Joe Erlinger, who will depart after more than two decades with the company.

Following the results, Citi analysts said "the in-line US/IOM comps should offer enough evidence to investors that the company’s top-line efforts can work to cut through ongoing inflationary pressures on their core guest."

"However, management changes in the US (new president of the business, long-time MCD vet Skye Anderson) signal the company is not pleased with results in the business and that the brand may accelerate the cadence of top & bottom-line drivers for the segment (including potential asset reinvestment & McOpCo refranchising)," added the bank. "We think today’s results/outlook (as well as upcoming management meetings with investors/sell-side in northeast) are enough for a NT rebound."

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