McDonald's reported Q2 2024 consolidated revenues of $6.5 billion, remaining flat year-over-year but showing a 1% increase in constant currencies. Global comparable sales declined 1.0%, with decreases across all segments - U.S. (-0.7%), International Operated Markets (-1.1%), and International Developmental Licensed Markets (-1.3%). Systemwide sales to loyalty members reached $7 billion for the quarter.Diluted earnings per share decreased 11% to $2.80. Excluding $97 million in pre-tax non-cash impairment charges related to South Korea business and $57 million in restructuring charges, adjusted EPS was $2.97, down 6%. Operating income declined 6% to $2.92 billion, reflecting lower sales performance and higher administrative expenses.Chairman and CEO Chris Kempczinski emphasized the company's focus on delivering reliable value and accelerating strategic growth drivers like chicken and loyalty programs, as consumers become more discriminating with their spending. The company's loyalty program demonstrated strength with over $26 billion in systemwide sales across 50 markets for the trailing twelve-month period.

McDonald's reported Q2 2024 consolidated revenues of $6.5 billion, remaining flat year-over-year but showing a 1% increase in constant currencies. Global comparable sales declined 1.0%, with decreases across all segments - U.S. (-0.7%), International Operated Markets (-1.1%), and International Developmental Licensed Markets (-1.3%). Systemwide sales to loyalty members reached $7 billion for the quarter.Diluted earnings per share decreased 11% to $2.80. Excluding $97 million in pre-tax non-cash impairment charges related to South Korea business and $57 million in restructuring charges, adjusted EPS was $2.97, down 6%. Operating income declined 6% to $2.92 billion, reflecting lower sales performance and higher administrative expenses.Chairman and CEO Chris Kempczinski emphasized the company's focus on delivering reliable value and accelerating strategic growth drivers like chicken and loyalty programs, as consumers become more discriminating with their spending. The company's loyalty program demonstrated strength with over $26 billion in systemwide sales across 50 markets for the trailing twelve-month period.