McDonald’s Corp., the world’s largest fast food chain, increased its earnings and decreased its revenues in Q2, 2018; however, both indicators exceeded market forecasts.
According to McDonald’s press release, in April-May, its net earnings increased up to $1.5 bln, or $1.9 per share, versus $1.4 bln, or $1.7 per share, for the same period of the previous year, finance.ua reports.
The adjusted earnings were $1.99 per share.
The quarter revenues decreased from $6.05 to $5.35 bln.
The analysts, surveyed by FactSet, forecast the adjusted McDonald’s earnings at $1.92 per share with revenues, amounting to $5.32 bln.
The global sales of McDonald’s restaurants, opened within the last year, increased by 4% in the last quarter. In U.S., this indicator increased by 2.6%, in other countries – by 4.9%. The consensus forecast provided for the increase of the general indicator by 3.5%.
