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McDonald's Reports Q2 Global Comparable Sales Declined 23.9%

Second quarter operational update and financial performance:   As of June 30, 2020, nearly all McDonald's restaurants around the world were open to serve customers. Global comparable sales declined 23.9%.

Benzinga · -

Second quarter operational update and financial performance:

 

  • As of June 30, 2020, nearly all McDonald's restaurants around the world were open to serve customers.
  • Global comparable sales declined 23.9%. The U.S., International Operated Markets segment and global monthly comparable sales sequentially improved throughout the second quarter.
  • Consolidated revenues decreased 30% (29% in constant currencies).
  • Systemwide sales decreased 24% (23% in constant currencies).
  • Diluted earnings per share was $0.65.