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McDonald’s second-quarter earnings up 15%
McDonald’s Corporation has announced strong results for the second quarter driven by all areas of the world.
“McDonald’s second quarter reflects strong top-line and bottom-line results with each area of the world generating higher comparable sales, traffic and profits,” said CEO Jim Skinner. “This performance demonstrates the popular appeal of McDonald’s relevant menu choices. We’re delivering great tasting food to our 60m customers around the world every day with the outstanding value and unmatched convenience they expect from McDonald’s.”
Highlights
- Global comparable sales increased 4.8%, with the US up 3.7%, Europe up 5.2% and Asia/Pacific, Middle East and Africa up 4.6%.
- Consolidated operating income increased 10%.
- Diluted earnings per share were $1.13, up 15%.
Returned $1.6bn to shareholders through share repurchases and dividends.
Source: McDonald’s
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