McDonald’s delivers a blockbuster $7.1 billion quarter

• McDonald’s reported second-quarter revenue of $7.1 billion as global comparable sales increased 1.3%.
• Diluted EPS rose 6% to $3.32, while Systemwide sales increased 5% to $37 billion.
• McDonald’s appointed Skye Anderson to lead its U.S. business and strengthen domestic execution.

McDonald’s (NYSE:MCD) reported second-quarter revenue of $7.1 billion, up 4%, as global comparable sales increased 1.3%.

Global comparable sales growth slowed from 3.8% one year earlier, while net income increased 5% to $2.36 billion.

Operating income rose 3% to $3.3 billion, while adjusted EPS reached $3.38 after excluding $0.06 per share in restructuring charges.

Following the announcement, McDonald’s share price was up about 0.7% at $267.19 in premarket trading.

Trailing 12-month loyalty sales increased more than 20% to $40 billion, while active loyalty users rose 13% to nearly 220 million.

Meanwhile, McDonald’s appointed Skye Anderson as President of McDonald’s USA, succeeding Joe Erlinger and overseeing nearly 14,000 domestic restaurants.