McDonald's reported Q2 earnings per share of $3.32, meeting estimates and showing a 6% year-over-year increase, with net income rising 5% to $2.36 billion. Revenue grew 4% to $7.1 billion, in line with forecasts, though global comparable sales growth slowed to 1.3%, slightly below expectations. US sales grew 0.8%, marking the fifth consecutive quarter of growth but at a slower pace than last year. The company appointed Skye Anderson as president of McDonald's USA, succeeding Joe Erlinger. McDonald's also provided fiscal 2026 guidance with increased capital expenditures and stable operating margin expectations.
McDonald's reported a 4% revenue increase in Q2 but missed analyst expectations with U.S. comparable sales growth slowing to 0.80%, down from 2.50% last year. CEO Chris Kempczinski cited execution lapses and weaker promotions as reasons for the slowd...
The US is drafting a ban on importing Chinese optical transceivers to prevent security risks in data centers, causing shares of networking companies like Lumentum, Coherent, and Ciena to rise. CoreCivic secured a five-year contract with ICE to operat...
McDonald's reported weaker-than-expected US sales growth of 0.8% in Q2, below analyst estimates of 1.06%, citing poor execution of value promotions and reduced digital deals that led to fewer visits from loyal customers. CEO Chris Kempczinski acknowl...
McDonald's is set to report its second-quarter earnings, with Wall Street expecting earnings per share of $3.32 and revenue of $7.13 billion. The company faces a challenging environment, including high gas prices affecting consumer budgets, and antic...
Wall Street is expected to start August mostly higher with Dow Jones futures up 1% and S&P 500 gaining 0.5%, while Nasdaq futures remain flat following a recent tech rebound. Last month, technology stocks struggled, notably the Philadelphia Semicondu...
