McDonalds Corporation
MCD
$311.23 0.87%
Exchange: NYSE | Sector: Consumer Cyclical | Industry: Restaurants
Q2 2024
Published: Aug 8, 2024

Earnings Highlights

  • Revenue of $6.49B down 0.1% year-over-year
  • EPS of $2.80 decreased by 11.4% from previous year
  • Gross margin of 57.3%
  • Net income of 2.02B
  • ""The hallmark of a great company is its ability to perform in good times and in bad... We know how to do this. We wrote the playbook on value."" - Chris Kempczinski
MCD
McDonalds Corporation

Executive Summary

In the second quarter of 2024, McDonaldโ€™s Corporation reported a revenue of $6.49 billion, facing a notable decline in comparable sales influenced by external pressures such as inflation and changing consumer behavior. Management emphasized the importance of leadership in value delivery, asserting their commitment to repositioning themselves in the competitive landscape. CEO Chris Kempczinski indicated that the companyโ€™s ability to innovate, coupled with its substantial franchisee support and diverse menu offerings, provides a pathway toward regaining market share in challenging economic conditions. Although the quarter revealed declines in key financial metrics, McDonaldโ€™s remains resolute in its strategic initiatives to improve customer engagement and sales through promotional offers like the $5 meal deal and enhanced digital presence.

Key Performance Indicators

Revenue
Decreasing
6.49B
QoQ: 5.20% | YoY: -0.11%
Gross Profit
Decreasing
3.72B
57.29% margin
QoQ: 8.11% | YoY: -0.35%
Operating Income
Decreasing
2.92B
QoQ: 6.73% | YoY: -5.93%
Net Income
Decreasing
2.02B
QoQ: 4.82% | YoY: -12.47%
EPS
Decreasing
2.81
QoQ: 5.24% | YoY: -11.36%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 5,956.00 2.60 -3.5% View
Q4 2024 6,388.00 2.80 -0.3% View
Q3 2024 6,874.00 3.13 +2.7% View
Q2 2024 6,490.00 2.80 -0.1% View
Q1 2024 6,169.00 2.66 +4.6% View