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McDonald’s on Wednesday report Quartable profits and profits led by analysts’ expectations as Buzzy Promotions helped bounce to restaurants in the US.
Despite improving the efficiency of the network in this quarter, executives are still worried about low-income consumer health. McDonald’s works with its US franchise over ways to make basic menu items more affordable besides 5 dollars with food He spoke in the last summer and a new daily double burger.
“The reconstruction of a low-income consumer is crucial because they usually visit our restaurants more often than medium and high income consumers,” said CEO Chris Kempchinsky on analysts by phone by company. “This bifurcated consumer base, so we remain cautious about US consumer health.”
The executives said that McDonald’s results would be stronger in the second half of the year, especially when the chain is facing E. Flash coil.
The company’s shares have grown more than 2% in the morning bidding.
That’s what the company reported compared to what Wall Rate was waiting for LSEG analyst survey:
- Profit per share: $ 3.19 adjusted against $ 3.15 expected
- Income: 6.84 billion dollars against $ 6.7 billion expected
Fast food giant reported net income in the second quarter of $ 2.25 billion, or $ 3.14 per share, which is $ 2.02 billion, or $ 2.80 per share a year earlier.
With the exception of the restructuring fee and other items, McDonald’s earned $ 3.19 per share.
Revenue rose 5% to $ 6.84 billion. Kempczinski in the company’s profit was attributed to the value, marketing and new menu points to increase the system sales by 6% over the quarter.
Sales in the same store, a metric that only monitors the productivity of restaurants, which were open at least a year, increased by 3.8%, and the largest network jump for almost two years.
The McDonald’s restaurants in the US restaurants have sales growth in the same store, which is 2.5%, changing two direct quarters of internal cases. Kempchinsky said the hamburger network had exceeded its competitors both sales in one store and comparable traffic.
“Certainly, the general (rapid service restaurant), the US remained difficult, as visiting low-income consumer consumer consumers compared to the previous year,” he said.
In this quarter US sales in the US got impetus from eating with Minecraft movie and launching chicken strips McCrispy.
Shortly after a quarter, Snack returned to the menu for the first time in nine years; The leaders said the early results are “encouraging” and the Franchise voted in favor of supporting a $ 2.99 advertising price by the end of the year.
Outside the US, the demand for its large poppies and fries were even stronger.
“I would like to just note, too, on our international side, it’s not as competitive in the US,” Kempchinsky said. “I think it is a little easier for us to stand out and represent good value in International.”
The International Division of Licensed Network Development Markets, which includes Japan and China, said 5.6%sales growth in the same store.
In the segment of the international markets, which are exploited, there was an increase in sales in the same store, thanks to profit in countries such as the UK, Australia and Canada. The executives said the key markets improved the cost and the availability of McDonald.
