McDonald’s Corp (NYSE:MCD) shares are trading higher Tuesday after the company reported better-than-expected earnings results.
McDonald’s reported second-quarter revenue of $5.72 billion, which missed the estimate of $5.82 billion, according to data from Benzinga Pro. The company reported quarterly earnings of $2.55 per share, which beat the estimate of $2.47 per share.
McDonald’s said global comparable sales increased 9.7%, while U.S. comparable sales jumped 3.7%.
“The operating environment across the competitive landscape remains challenging. While we are planning for a wide range of scenarios, I am confident that our plans and people position McDonald’s to weather this environment better than others,” said Chris Kempczinski, president and CEO of McDonald’s.
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MCD Price Action: McDonald’s has a 52-week high of $271.15 and a 52-week low of $217.67.
The stock was up 1.70% at $254.64 at time of publication.
Photo: andreas160578 from Pixabay.
