McDonald’s (NYSE:MCD) reported its Q2 results yesterday, delivering impressive results both in revenue and earnings, driven by robust same-store sales.
During the quarter, global comparable sales soared by 11.7%, surpassing the Street estimate of an 8.88% increase. The U.S. market saw a notable rise in comparable sales of 10.3%, while the International Operated Markets segment and the International Developmental Licensed Markets segment exhibited even stronger growth at 11.9% and 14.0%, respectively.
The company attributed the U.S. sales gains to the implementation of strategic menu price increases and an increase in positive guest counts, which contributed to the overall strong performance.
Regarding earnings, McDonald’s reported a significant surge of 97% in EPS to $3.15, surpassing the Street estimate of $2.75. Additionally, revenues showed an impressive 14% growth in constant currencies, reaching $6.5 billion, exceeding the Street estimate of $6.29 billion.