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Jun 30, 2024

McDonald's Q2 2024 Earnings Report

McDonald's reported second quarter results with flat consolidated revenues and a global comparable sales decrease.

Key Takeaways

McDonald's Q2 2024 results revealed flat consolidated revenues, but increased 1% in constant currencies. Global comparable sales decreased by 1.0%. Diluted earnings per share was $2.80, a decrease of 11%.

Consolidated revenues were nearly $6.5 billion, an increase of about 1% in constant currencies.

Global comparable sales decreased 1.0%, with negative comparable sales across all segments.

Diluted earnings per share was $2.80, an 11% decrease.

Systemwide sales to loyalty members across 50 loyalty markets were over $26 billion for the trailing twelve-month period and approximately $7 billion for the quarter.

Total Revenue
$6.49B
Previous year: $6.5B
-0.1%
EPS
$2.97
Previous year: $3.17
-6.3%
Global Comp Sales Growth
-1%
Previous year: 11.7%
-108.5%
Gross Profit
$3.69B
Previous year: $3.73B
-1.2%
Cash and Equivalents
$792M
Previous year: $1.63B
-51.3%
Free Cash Flow
$1.06B
Previous year: $1.15B
-7.4%
Total Assets
$53.8B
Previous year: $50.4B
+6.7%

McDonald's

McDonald's

McDonald's Revenue by Segment

Forward Guidance

This release contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties.

Revenue & Expenses

Visualization of income flow from segment revenue to net income