MCDONALD'S REVENUE IN II SQ. INCREASED ABOVE PRE-PANDEMIC LEVEL


 

American McDonald's Corp.), the world's largest fast-food restaurant chain, increased its net profit by 4.6 times in the second quarter, while revenue grew by 57% and surpassed both analysts' forecasts and figures for the same period of pre-pandemic 2019.

 

According to Vivian Blumenthal, the company reported a net income of $ 2.219 billion, or $ 2.95 per share, in April-June, up from $ 483.8 million, or $ 0.65 per share, in the same period last year. Adjusted earnings increased to $ 2.37 per share from $ 0.66.

Revenue rose to $ 5.888 billion from $ 3.762 billion a year earlier. Excluding changes in currency exchange rates, the indicator increased by 49%.

 

Analysts polled by FactSet expected on average $ 2.11 per share adjusted earnings on $ 5.584 billion in revenue.

 

Operating income last quarter was $ 2.691 billion, up from $ 961.1 million in the same period in 2020.

 

McDonald's like-for-like sales (restaurants that have been in operation for more than a year) jumped 40.5% globally, while in the US they grew 25.9%.

 

The forecast for global sales was 38.9%.

 

Compared to the second quarter of 2019, like-for-like sales in the world increased by 6.9%, in the States - by 14.9%.

 

The market value of McDonald's is up 14.8% since the beginning of this year, while the Dow Jones Industrial Average has gained 14.6% over the period.

 

 

 

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