BUZZ-McDonald's gains as quarterly profit beats estimates
Reuters2026/08/04 11:24** Shares of burger giant McDonald's MCD.N up ~2% at $269.70 premarket
** Co posts quarterly adjusted profit of $3.38 per share, beating analysts' estimates of $3.32, as per data compiled by LSEG
** Appoints insider Skye Anderson as president of McDonald’s USA to lead its largest market
** co misses quarterly estimates for U.S. sales growth as budget-conscious consumers reduce restaurant spending amid persistent economic uncertainty and inflationary pressures
** Posts second-quarter revenue of $7.10 billion, missing analysts' estimates of $7.13 billion
** Quarterly global same-store sales growth came in at 1.3% missing estimates of 1.39%
** Q2 U.S. same-store sales growth of 0.8% vs expectations of a 1.06% rise
** As of last close, MCD down ~13% YTD
(Reporting by Shania S Thomas in Bengaluru)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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