McDonald's Reports Second Quarter 2020 Results

CHICAGO, July 28, 2020

"Throughout our history, McDonald's has demonstrated the strategic foresight necessary to position our business for the future. Our strong drive-thru presence and the investments we've made in delivery and digital over the past few years have served us well through these uncertain times. We saw continued improvement in our results throughout the second quarter as markets reopened around the world," said McDonald's President and Chief Executive Officer Chris Kempczinski. "I'm especially proud of the way the McDonald's System continues to provide a safe environment for both customers and crew, building on our 65 year legacy as a responsible and reliable choice for safe food. We're confident that the strong foundation we've built, combined with the unique advantages of our System, position us well to continue operating successfully during this pandemic and emerge even stronger."

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.

COMPARABLE SALES*
	Increase/(Decrease)
	Month Ended ARIVA.DE Börsen-Geflüster Kurse McDonald's Corp. 258,65 € -0,02%			Quarters Ended June 30,
	April 30, 2020	May 31, 2020	June 30, 2020	2020	2019
U.S.	(19.2)%	(5.1)%	(2.3)%	(8.7)%	5.7%
International Operated Markets	(66.7)	(40.5)	(18.4)	(41.4)	6.6
International Developmental Licensed Markets & Corporate	(32.3)	(20.0)	(20.3)	(24.2)	7.9
Total	(39.0)%	(20.9)%	(12.3)%	(23.9)%	6.5%

• Comparable Sales: Global comparable sales results sequentially improved throughout the second quarter of 2020 as markets reopened restaurants and governments eased restrictions.
• U.S.: Comparable sales results sequentially improved throughout the second quarter of 2020 and continued to benefit from strong average check growth. Comparable sales and guest counts remained negative, particularly at the breakfast daypart.
• International Operated Markets: Comparable sales results were heavily impacted by temporary restaurant closures and limited operations, particularly in the U.K. and France. While comparable sales remained negative in nearly all markets, comparable sales results sequentially improved throughout the quarter for all markets. Comparable sales were positive in Australia in May and June driven by strong drive-thru performance.
• International Developmental Licensed Markets: Comparable sales results were impacted by temporary restaurant closures across nearly all geographies, most notably in Latin America. Results also reflected continued negative comparable sales in China and positive comparable sales in Japan for the quarter.

KEY FINANCIAL METRICS - CONSOLIDATED Dollars in millions, except per share data
	Quarters Ended June 30,						Six Months Ended June 30,
	2020		2019		Inc/ (Dec)	Inc/ (Dec) Excluding Currency Translation	2020		2019		Inc/ (Dec)	Inc/ (Dec) Excluding Currency Translation
Revenues	$	3,761.5	$	5,409.8	(30)%	(29)%	$	8,475.9	$	10,433.9	(19)%	(17)%
Operating income	961.1		2,273.9		(58)	(57)	2,654.7		4,367.9		(39)	(38)
Net income	483.8		1,516.9		(68)	(67)	1,590.7		2,845.3		(44)	(43)
Earnings per share-diluted	$	0.65	$	1.97	(67)%	(66)%	$	2.12 Werbung Mehr Nachrichten zur McDonald's Corp. Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 02:00 - PR Newswire BlackRock Sustainable American Income Trust Plc - Total Voting Rights 23.04.24 - ARIVA.DE Redaktion TecDAX legt leicht zu: Heute 87 Punkte mehr (3.274 Pkt.) 23.04.24 - PR Newswire Fidelity Japan Trust Plc - Transaction in Own Shares Solarboom 2024:    5 Gründe die für diese Aktie sprechen… weiterlesen» Anzeige wo-site-teaser-box-16746_site-teaser-box_2024-04-24_08%253A00%253A00_2024-04-25_09%253A00%253A59