McDonald's Q2: 14% Topline Growth, Earnings Beat, Comps Up 11.7% & More

McDonald's Corp MCD reported second-quarter FY23 sales growth of 13.6% year-on-year to $6.50 billion, beating the analyst consensus of $6.29 billion.

Global comparable sales rose 11.7%, reflecting strong double-digit growth across each segment. 

U.S. Comparable sales rose 10.3%, benefiting from strategic menu price increases and positive guest counts.

Sales by company-operated restaurants increased 18% Y/Y to $2.48 billion, while sales from franchised restaurants rose 12% to $3.93 billion.

Digital Systemwide sales in the top six markets were over $8 billion for the quarter, representing almost 40% of their Systemwide sales.

Total operating costs and expenses declined 15% at $3.39 billion. Operating income for the quarter rose 81% to $3.1 billion, with an operating margin of 47.7%.

Adjusted EPS of $3.17 beat the analyst consensus of $2.79.

"The McDonald's brand has never been stronger and I remain inspired by the ability of the McDonald's System to create cultural conversations and develop industry-leading innovations," said President and CEO Chris Kempczinski.

Outlook: MCD sees FY23 operating margin of 45%; Capital expenditure of $2.2 billion - $2.4 billion.

Globally, the company expects to open about 1,900 restaurants.

Price Action: MCD shares are trading lower by 0.35% at $292.18 on the last check Thursday.

 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsEquitiesNewsGuidanceRestaurantsMarketsGeneralBriefsConsumer DiscretionaryRestaurants
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!