- McDonald's Corp MCD reported a second-quarter FY22 sales decline of 3% year-on-year to $5.72 billion, missing the consensus of $5.82 billion.
- Global comparable sales rose 9.7%, with a 3.7% growth in the U.S.
- Systemwide sales increased 4%. Digital Systemwide sales in the company's top six markets exceeded $6 billion, representing nearly a third of total Systemwide sales.
- Related: McDonald's Executive Shake-Up: What's On The Cards
- Sales by company-operated restaurants declined 15% Y/Y to $2.1 billion, while sales from franchised restaurants rose 7% to $3.5 billion.
- Company-operated margins were negatively impacted by the restaurant closures in Russia and Ukraine and by inflationary pressures on labor and commodities.
- Total operating costs and expenses rose 25% Y/Y to $4 billion.
- The operating margin was 29.9%, and operating income for the quarter declined 36% to $1.7 billion.
- Adjusted EPS of $2.55 beat the analyst consensus of $2.47.
- Price Action: MCD shares are trading higher by 0.55% at $251.75 in premarket on the last check Tuesday.
- Photo Via Wikimedia Commons
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