Investors could be "lovin’ it" by the end of Friday’s session. McDonald's Corporation (NYSE:MCD) today announced results for the second quarter ended June 30, 2019.
The Chicago-based fast-food conglomerate reported. Global comparable sales increased 6.5%, reflecting strong comparable sales across all segments.
MCD also said consolidated revenues were flat with the prior year (increased 3% in constant currencies), reflecting strong comparable sales, partly offset by the impact of re-franchising.
Consolidated operating income increased 1% (4% in constant currencies). Diluted earnings per share of $1.97 increased 4% (7% in constant currencies), including $0.08 per share of strategic charges.
Excluding these current year charges as well as the prior year strategic restructuring charges of $0.09 per share, diluted earnings per share was $2.05 for the quarter, an increase of 3% (7% in constant currencies).
What’s more, the company returned $2.0 billion to shareholders through share repurchases and dividends.
In the International Operated segment, second quarter comparable sales increased 6.6%, reflecting positive results across all markets, primarily driven by the U.K., France and Germany
Said CEO Steve Easterbrook, "With the strong results we achieved in the second quarter, we have now experienced 16 consecutive quarters of positive global comparable sales.
"By putting our customers at the centre of all our efforts to run great restaurants, enhance the customer experience and provide delicious menu offerings, we will continue to successfully execute our Velocity Growth Plan."
Shares in MCD leaped $2.61, or 1.2%, to $217.05
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