McDonald’s posted better-than-expected sales in the second quarter as dining rooms reopened and new products like the Crispy Chicken Sandwich drew customers
By DEE-ANN DURBIN AP Business Writer
July 28, 2021, 11:06 AM
• 1 min read
Share to FacebookShare to TwitterEmail this articleMcDonald’s posted better-than-expected sales in the second quarter as dining rooms reopened and new products like the Crispy Chicken Sandwich drew customers.
Revenue jumped 57% to nearly $5.9 billion in the April-June period. That beat Wall Street’s forecast of $5.6 billion, according to analysts polled by FactSet.
Global same-store sales, or sales at locations open at least a year, rose 40.5% from the same period a year ago. It was an easy comparison; the second quarter of 2020 was the low point of the pandemic for McDonald’s, when lockdowns shuttered stores and sales plunged 30%.
But even compared with 2019, a year before the pandemic hit the U.S., same-store sales were up 7%.
The Chicago burger giant had a net income of $2.2 billion for the second quarter. Adjusted for one-time items, the company earned $2.37 per share. That was well above the $2.11 Wall Street had forecast.
