McDonald's Q2 2023 Earnings Report
Key Takeaways
McDonald's Corporation announced strong second quarter results, with global comparable sales increasing by 11.7%. The company's performance reflects the successful execution of its Accelerating the Arches strategy, with double-digit comparable sales growth across all segments. Diluted earnings per share was $3.15, an increase of 97%.
Global comparable sales increased 11.7%, with double-digit growth across each segment.
U.S. comparable sales increased 10.3% due to strategic menu price increases and positive guest counts.
International Operated Markets segment increased 11.9%, driven by strong comparable sales in most markets, led by the U.K. and Germany.
International Developmental Licensed Markets segment increased 14.0%, with strong comparable sales in all geographic regions, led by China.
McDonald's
McDonald's
McDonald's Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income