Friday, July 22, 2011

McDonald's Corp. (NYSE: MCD): Q2 2011 Earnings Roundup

McDonald's Corp. (NYSE: MCD) reported Friday that its second quarter profit rose to $1.41 billion, or $1.35 per share, from $1.23 billion, or $1.13 per share, in the year-earlier quarter. Revenue rose to $6.91 billion from $5.95 billion. Analysts, on average, expected the company to report earnings of $1.28 per share on revenue of $6.63 billion.

"McDonald's ongoing momentum reflects our commitment to the customer. By providing relevant food and beverage choices in convenient, modern restaurants, we're giving customers more reasons to visit us more often," said McDonald's Chief Executive Officer Jim Skinner. "McDonald's global results for the quarter demonstrate the resilience of our Plan to Win and our ability to execute successfully. Comparable sales and guest count increases across all segments, highlighted by June's strong results, drove double-digit operating income and earnings per share growth."

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