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McDonald’s posts strong second quarter profit, names new leader for US market
The chain earned $2.36 billion as U.S. same-store sales rose 0.8% and Skye Anderson was named president of McDonald’s USA.
- On Tuesday, McDonald announced Skye Anderson as president of McDonald USA while reporting a strong second-quarter profit of $2.36 billion.
- Americans are growing cautious about spending as rising costs and consumer anxiety over the conflict with Iran squeeze discretionary income.
- Revenue climbed to $7.1 billion, missing Wall Street's $7.13 billion estimate, while adjusted earnings of $3.38 per share beat the $3.32 expected by FactSet analysts.
- The chain introduced a simplified McValue menu in April featuring 10 items priced at $3 or less to attract cost-conscious diners.
- Shares rose 1.6% ahead of the opening bell on Tuesday, reflecting investor optimism about the earnings report and leadership transition.
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Associated Press News+2 Reposted by 2 other sources
McDonald's posts strong second quarter profit, names new leader for US market
McDonald’s posted a strong profit in its second quarter and named a new head of the US market as sales in the U.S. continue to be impacted by Americans’ cautious spending.
·New York, United States
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Coverage Details
Total News Sources13
Leaning Left5Leaning Right0Center8Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 38%
C 62%
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