McDonald's exceeded Wall Street expectations on Thursday and said its global comparable sales added 11.7% in the second quarter, beating analysts' average estimate of an 8.88% increase.
"The Power of Conflict" author Jon Taffer on the state of restaurants and teaming up with Shift4 for the launch of the SkyTab Rescue Mission contest.
McDonald's said Thursday that revenue growth is expected to moderate in the second half of the year as signs of easing inflation prompt the burger giant to temper menu prices.expectations Thursday and said its global comparable sales added 11.7% in the second quarter, beating analysts' average estimate of an 8.88% increase, according to Refinitiv data.
"This quarter, the theme is, well, if I'm being honest, the theme was Grimace," McDonald's CEO Chris Kempczinski said during the earnings call.Placer.ai data showed traffic at U.S. locations climbed 8.4% during the second quarter while overall traffic at fast-food and quick-service chains climbed just 1.2% in the same period.
McDonald's exceeded Wall Street expectations Thursday and said its global comparable sales added 11.7% in the second quarter, beating analysts' average estimate of an 8.88% increase, according to Refinitiv data.
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