McDonald’s earnings beat even as US sales growth slows

Kate
Taylor

McDonald’s
on Thursday reported second-quarter earnings that topped
analysts’ expectations, but its US sales growth fell short. 

The fast-food chain posted $1.99 in adjusted earnings per share,
beating the forecast for $1.93 according to Bloomberg. 

US comparable sales, at locations open for at least one year,
increased by 2.6%, missing the forecast for 3% growth. The US
growth was partly driven by price increases, the company
said.   

Second-quarter revenue totaled $5.35 billion, beating the
forecast for $5.33 billion

McDonald’s shares were little changed, up by less than 1%, ahead
of the market open; they fell 7.7% this year through Wednesday’s
close. 

This story is developing …