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McDonald's Q2 Earnings: Consumer Spending Shifts Hit Revenue And Operating Margins, Franchise Revenue Remains Flat
McDonald's Corp (NYSE:MCD) reported a second-quarter FY24 sales decline of 0.12% year-on-year to $6.490 billion, missing the analyst consensus of $6.608 billion.
Global comparable sales decreased 1.0%, reflecting negative comparable sales across all segments.
U.S. comparable sales slipped 0.7%, and systemwide sales decreased 1%.
The International Operated Markets segment decreased by 1.1%, and the International Developmental Licensed Markets segment decreased by 1.3%.
Sales by company-owned and operated restaurants declined 1% Y/Y to $2.46 billion, while sales from franchised ...