On July 29, 2024, McDonald's Corporation reported its financial results for the second quarter and the first six months of the year, ending June 30, 2024. The report was filed with the SEC and included an investor release and supplemental information. McDonald's posted consolidated revenues of nearly $6.5 billion for the quarter, marking a 1% increase in constant currencies compared to the previous year. Systemwide sales to loyalty members reached over $26 billion for the trailing twelve-month period, with approximately $7 billion for the quarter. Despite these gains, global comparable sales saw a decrease of 1.0%, with declines across all segments, including a 0.7% decrease in the U.S., a 1.1% decrease in International Operated Markets, and a 1.3% decrease in International Developmental Licensed Markets. The company's consolidated...Show More

On July 29, 2024, McDonald's Corporation reported its financial results for the second quarter and the first six months of the year, ending June 30, 2024. The report was filed with the SEC and included an investor release and supplemental information. McDonald's posted consolidated revenues of nearly $6.5 billion for the quarter, marking a 1% increase in constant currencies compared to the previous year. Systemwide sales to loyalty members reached over $26 billion for the trailing twelve-month period, with approximately $7 billion for the quarter. Despite these gains, global comparable sales saw a decrease of 1.0%, with declines across all segments, including a 0.7% decrease in the U.S., a 1.1% decrease in International Operated Markets, and a 1.3% decrease in International Developmental Licensed Markets. The company's consolidated operating income fell by 6% (5% in constant currencies), and diluted earnings per share decreased by 11% (10% in constant currencies) to $2.80. Excluding certain charges related to the company's restructuring efforts and impairment charges, adjusted operating income was flat in constant currencies, and adjusted diluted earnings per share decreased by 6% (5% in constant currencies) to $2.97. The report also highlighted the impact of the war in the Middle East and negative sales in China, while noting positive sales in Latin America and Japan.