McDonald's Q2: 14% Topline Growth, Earnings Beat, Comps Up 11.7% & More
Portfolio Pulse from Shivani Kumaresan
McDonald's Corp reported Q2 FY23 sales growth of 13.6% year-on-year to $6.50 billion, beating the analyst consensus of $6.29 billion. Global comparable sales rose 11.7%, with U.S. comparable sales up 10.3%. Sales by company-operated restaurants increased 18% Y/Y to $2.48 billion, while sales from franchised restaurants rose 12% to $3.93 billion. Adjusted EPS of $3.17 beat the analyst consensus of $2.79. The company expects to open about 1,900 restaurants globally in FY23.
July 27, 2023 | 1:30 pm
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McDonald's reported strong Q2 FY23 results with sales and EPS beating analyst expectations. The company also plans to open about 1,900 restaurants globally in FY23.
McDonald's reported strong Q2 FY23 results with both sales and EPS beating analyst expectations, which is likely to have a positive impact on the stock. The company's plans to open about 1,900 restaurants globally in FY23 also indicates strong growth prospects.
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