McDonald's posts earnings, revenue miss By Investing.com

Category: Business

McDonald's reported a decline in second-quarter earnings and revenue, with adjusted EPS of $2.80 and revenue of $6.49 billion, both missing analyst estimates. Global comparable sales fell by 1.0%, with negative performance across all segments. CEO Chris Kempczinski attributed the results to the 'Accelerating the Arches' strategy, despite various charges impacting earnings. The stock initially dropped 1% but later rose 0.7% premarket. The company did not provide specific guidance for future quarters but remains focused on delivering value and growth.

Keywords: McDonald's, earnings report, financial results

Source: Investing.com

Update At: 7/29/2024

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