McDonald's (MCD) second quarter sales pushed analysts' expectations lower, and stocks rose more than 2% in pre-market trading.
Here are the figures for McDonald's second quarter versus Bloomberg's estimates on Wall Street:
Revenues: $ 5.34 billion against expected $ 5.33 billion [1
domestic sales in the same store: + 5.7% vs. + 4.4% expected
Worldwide sales in the same business: + 6.5% vs. + 5.3% expected
In the US and worldwide, sales of the same businesses, a key industry sector, were better than expected. McDonald's has seen the world's best revenue growth in the same business since 2012.
"With the strong results we achieved in the second quarter, we have now achieved 16 consecutive quarters of globally comparable positive revenue," said CEO Steve Easterbrook in one Statement. "By obliging our guests to their terms, whether through delivery, an enhanced dining experience at one of our Experience of the Future restaurants, or through our evolving digital offerings, we will become a better McDonald's." We will continue focus on ours. " Customers with innovative solutions to further enhance the customer experience and drive growth. "
McDonald's has intensified its game as it continues to play a dominant role in a highly competitive restaurant environment, focusing on several important initiatives such as digital technology investment, delivery expansion and menu innovation Paid for McDonalds.
Throughout the restaurant and fast-casual industries, delivery has become an integral part of the business, and earlier this month McDonald's announced that in addition to its partnership with Uber Eats Uber Eats has been McDonalds 'exclusive US delivery partner since 2017, and McDonalds' supply business has since grown to $ 3 billion, and McDonald & # 39; s reduce the fees for delivery and thus the profitable increase it.
The shares of the fast-food giant rose this year by 22% compared to the closing price on Thursday.
The conference call will start Management at 11 pm ET.
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