Shares of McDonald's MCD fell 1.5% after the company reported Q2 results.
Earnings per share decreased 67.80% over the past year to $0.66, which missed the estimate of $0.74.
Revenue of $3,761,500,000 decreased by 29.57% from the same period last year, which beat the estimate of $3,680,000,000.
McDonald's hasn't issued any earnings guidance for the time being.
McDonald's hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Jul 28, 2020
Time: 08:30 AM
Recent Stock Performance
Company's 52-week high was at $221.93
52-week low: $124.23
Price action over last quarter: Up 10.19%
McDonald's generates revenue through company-owned restaurants, franchise royalties, and licensing pacts. Restaurants offer a uniform value-priced menu with some regional variations. As of March 2020, there were roughly 39,000 locations in more than 120 countries: 36,400 franchisee/affiliate units and 2,600 company units. After reorganizing the company into segments based on the maturity and competitive position of its different markets, refranchising 4,000 locations, and eliminating $500 million in net annual SG&A expenses the past several years, the company is focused on "velocity growth accelerators" such as an Experience of the Future layout (counter, kiosk, web ordering and table service/curbside delivery), mobile ordering and payments, and delivery alternatives.
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