McDonald's second quarter revenue and comps missed estimates as U.S. traffic declined

McDonald's reported second quarter revenue of $7.1 billion, a 4% increase year-over-year, and diluted EPS of $3.32, which grew 6%. The company's global comparable sales growth of 1.3% fell just short of analyst expectations, driven by a notable slowdown in the U.S. market.

Key Highlights

• Global comparable sales increased 1.3%, slightly missing the 1.4% consensus estimate, with positive results across all segments.
• U.S. comparable sales grew only 0.8%, as an increase in average check was partially offset by a decline in comparable guest counts.
• International Operated Markets saw comparable sales rise 1.5%, while International Developmental Licensed Markets grew 1.9%.
• The company announced the appointment of a new President for McDonald’s USA to "accelerate performance" in its largest market.