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Jun 30, 2023
McDonald's Q2 2023 Earnings Report
McDonald's reported strong Q2 2023 results driven by global comparable sales growth and strategic menu price increases.
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.
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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