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McDonald’s Q2 Profit Jumps 13% on Higher Revenue; Same-Store Sales Fall Short (MCD)

Fast food giant McDonald's Corporation ( MCD

) on Friday said its second quarter profit rose 13% from last year, beating expectations, but its same-store sales for the quarter and the month of June were a bit disappointing.

The Oak Brook, IL-based company reported second quarter net income of $1.23 billion, or $1.13 per share, compared with $1.09 billion, or 98 cents per share, in the year-ago period. Total revenue rose 5% from last year, to $5.95 billion.

On average, Wall Street analysts expected a slightly smaller profit of $1.12 per share, on lower sales of $5.92 billion.

The company said that same-store sales, a key metric used to measure a retailer's performance, rose 4.8% in the quarter, as well as in the month of June. That number fell shy of analyst estimates for a 5% quarterly gain and a 5.3% jump in June.

McDonald's shares fell 50 cents, or -0.7%, in premarket trading Friday.

The Bottom Line

We have been recommending shares of MCD since Aug.12, 2009, when the stock was trading at $56.02. The company has a 3.08% dividend yield, based on last night's closing stock price of $71.40.

McDonald's Corporation ( MCD ) is a "recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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