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July 30, 2018

McDonald’s revenues top $5.35bn in Q2 2018

McDonald's revenues totalled $5.35bn for the second quarter (Q2) of this year ending 30 June, a 12% increase compared to $6.049bn for the same period last year.

McDonald’s revenues totalled $5.35bn for the second quarter (Q2) of this year ending 30 June, a 12% increase compared to $6.049bn for the same period last year.

The decrease in revenues is due to the impact of the company’s strategic refranchising initiative.

The fast-food company reported an operating income of $2.26bn, a 1% decrease compared to $2.295bn for the same period in the previous year.

Net income of the company was $1.496bn for the second quarter, a 7% increase from $1.395bn last year.

“We’ve now marked 12 consecutive quarters of positive comparable sales.”

Diluted earnings per share of the company were $1.90 for the quarter, a 12% increase compared to $1.70 in the previous year.

McDonald’s president and chief executive officer Steve Easterbrook said: “We’re seeing good performance across our business as our customers tell us that they value and appreciate the moves we’re making to elevate the McDonald’s experience.

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“We’re pleased with the results of our international business and the progress we’re making in the US on executing on our ‘Velocity Growth Plan’ priorities.

“We’ve now marked 12 consecutive quarters of positive comparable sales, and we are confident that we’re executing the right strategy to achieve long-term, profitable growth.”

McDonald’s has more than 37,000 outlets throughout 100 countries, with 90% owned and operated by independent local business people.

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