Overview of McDonald's Q2 2024 Financial Performance
Monday, 29 July 2024, 11:13
McDonald's Q2 2024 Earnings Overview
McDonald's Corporation (NYSE: MCD) has announced its second quarter earnings results for 2024.
Key Financial Metrics
- Consolidated revenues remained flat year-over-year at about $6.5 billion.
- Revenues increased by 1% when adjusted for constant currencies.
- Global comparable sales decreased by 1%.
- Net income fell by 12%, totaling $2 billion, or $2.80 per share.
- Adjusted EPS saw a decrease of 6% to $2.97.
Conclusion
Overall, the earnings report reflects the challenges McDonald's is currently facing in maintaining growth amidst competitive pressures and market fluctuations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.