McDonald's beats on earnings even as US sales growth slows
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.
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