McDonald's Q2 2020 Earnings Report

McDonald's Corporation reported results for the second quarter ended June 30, 2020.

Key Takeaways

McDonald's Corporation's Q2 2020 results reflected the impact of temporary restaurant closures, limited operations, and changes in consumer behavior due to COVID-19, with global comparable sales declining by 23.9% and consolidated revenues decreasing by 30%.

Nearly all McDonald’s restaurants around the world were open to serve customers as of June 30, 2020.

Global comparable sales declined 23.9%.

Consolidated revenues decreased 30% (29% in constant currencies).

Diluted earnings per share was $0.65.

Total Revenue

$3.76B

Previous year: $5.34B