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Here's What Key Metrics Tell Us About McDonald's (MCD) Q2 Earnings
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For the quarter ended June 2024, McDonald's (MCD - Free Report) reported revenue of $6.49 billion, down 0.1% over the same period last year. EPS came in at $2.97, compared to $3.17 in the year-ago quarter.
The reported revenue represents a surprise of -2.42% over the Zacks Consensus Estimate of $6.65 billion. With the consensus EPS estimate being $3.08, the EPS surprise was -3.57%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how McDonald's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable sales growth - U.S. - YoY change: -0.7% versus 0.3% estimated by 10 analysts on average.
Comparable sales growth - International Operated Markets - YoY change: -1.1% compared to the 2.1% average estimate based on 10 analysts.
Comparable sales growth - International Developmental Licensed Markets & Corporate - YoY change: -1.3% versus -0.1% estimated by 10 analysts on average.
Systemwide restaurants - Total Systemwide: 42,406 versus 42,302 estimated by nine analysts on average.
Revenues- Total Company-operated sales: $2.46 billion versus $2.57 billion estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a -1.1% change.
Revenues- Total Franchised revenues: $3.94 billion versus the 10-analyst average estimate of $4.02 billion. The reported number represents a year-over-year change of +0.2%.
Revenues- Total Other revenues: $89 million compared to the $82.44 million average estimate based on eight analysts. The reported number represents a change of +15.3% year over year.
Revenues- Company-operated sales- International Developmental Licensed Markets & Corporate: $215 million versus $210.40 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +6.2% change.
Revenues- Franchised revenues- International Operated Markets: $1.67 billion versus $1.73 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +0.5% change.
Revenues- Company-operated sales- U.S. $814 million versus $824.20 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -1.1% change.
Revenues- Company-operated sales- International Operated Markets: $1.43 billion compared to the $1.53 billion average estimate based on six analysts. The reported number represents a change of -2.1% year over year.
Revenues- Total Company-operated sales and Franchised revenues- International Developmental Licensed Markets & Corporate: $645 million versus $655.98 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +0.7% change.
Shares of McDonald's have returned -1.1% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About McDonald's (MCD) Q2 Earnings
For the quarter ended June 2024, McDonald's (MCD - Free Report) reported revenue of $6.49 billion, down 0.1% over the same period last year. EPS came in at $2.97, compared to $3.17 in the year-ago quarter.
The reported revenue represents a surprise of -2.42% over the Zacks Consensus Estimate of $6.65 billion. With the consensus EPS estimate being $3.08, the EPS surprise was -3.57%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how McDonald's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable sales growth - U.S. - YoY change: -0.7% versus 0.3% estimated by 10 analysts on average.
- Comparable sales growth - International Operated Markets - YoY change: -1.1% compared to the 2.1% average estimate based on 10 analysts.
- Comparable sales growth - International Developmental Licensed Markets & Corporate - YoY change: -1.3% versus -0.1% estimated by 10 analysts on average.
- Systemwide restaurants - Total Systemwide: 42,406 versus 42,302 estimated by nine analysts on average.
- Revenues- Total Company-operated sales: $2.46 billion versus $2.57 billion estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a -1.1% change.
- Revenues- Total Franchised revenues: $3.94 billion versus the 10-analyst average estimate of $4.02 billion. The reported number represents a year-over-year change of +0.2%.
- Revenues- Total Other revenues: $89 million compared to the $82.44 million average estimate based on eight analysts. The reported number represents a change of +15.3% year over year.
- Revenues- Company-operated sales- International Developmental Licensed Markets & Corporate: $215 million versus $210.40 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +6.2% change.
- Revenues- Franchised revenues- International Operated Markets: $1.67 billion versus $1.73 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +0.5% change.
- Revenues- Company-operated sales- U.S. $814 million versus $824.20 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -1.1% change.
- Revenues- Company-operated sales- International Operated Markets: $1.43 billion compared to the $1.53 billion average estimate based on six analysts. The reported number represents a change of -2.1% year over year.
- Revenues- Total Company-operated sales and Franchised revenues- International Developmental Licensed Markets & Corporate: $645 million versus $655.98 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +0.7% change.
View all Key Company Metrics for McDonald's here>>>Shares of McDonald's have returned -1.1% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.