McDonald's Q2 Earnings Tops Estimates, Clocks 14.9% US Comp Sales Growth On 2-Year Basis

McDonald's Corp (NYSE:MCD) reported second-quarter FY21 sales growth of 56.5% year-on-year, to $5.89 billion, beating the analyst consensus estimate of $5.53 billion.
Global comparable sales increased 40.5% (6.9% on a 2-year basis). U.S. comparable sales increased 25.9% (14.9% on a 2-year basis), with Crispy Chicken Sandwich and BTS Famous Order promotion leading the sales growth. Growth in delivery and digital platforms also contributed to the comparable sales growth.
Sales by company-operated restaurants grew 56%Y/Y to $2.5 billion, while sales from franchised restaurants rose 58.3% to $3.3 billion.
Total operating costs and expenses rose 14.2% Y/Y to $3.2 billion.
The operating margin was 45.7%, and operating income for the quarter rose 180% to $2.69 billion.
Adjusted EPS of $2.37 beat the analyst consensus of $2.08.
"It's clear that our next chapter will be driven by our leadership in digital," said CEO Chris Kempczinski.
Price action: MCD shares are trading lower by 1.27% at $243.23 in premarket on the last check Wednesday.
Photo by Daniel Reche from Pixabay