McDonald's (MCD) Tops Q2 EPS by 6c; Comps Growth Shy of Views

McDonald's (NYSE: MCD) reported Q2 EPS of $1.45, $0.06 better than the analyst estimate of $1.39. Revenue for the quarter came in at $6.27 billion versus the consensus estimate of $6.27 billion.

• Comps rose 3.1 percent, versus a 3.6 percent gain expected
• US comps rose 1.8 percent, versus an expected increase of 3.2 percent.

Comparable sales for the International Lead segment increased 2.6% for the quarter, led by positive performance in the U.K., Canada and Australia, and slightly positive results in Germany. Operating income for the quarter increased 4% (7% in constant currencies), driven by improved franchised margins.

In the High Growth segment, second quarter comparable sales increased 1.6%, led by positive comparable sales performance in China and Russia, along with solid performance across various other markets. The segment's operating income rose 25% (32% in constant currencies) fueled by improved results in China.

Second quarter comparable sales rose 7.7% in the Foundational markets, reflecting very strong performance in Japan and many other markets. For the segment, operating income for the quarter declined due to the impact of strategic charges associated with the Company's ongoing refranchising and G&A initiatives.

For earnings history and earnings-related data on McDonald's (MCD) click here.

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