Sector: Consumer Discretionary|Industry: Restaurants|Market Cap: $212.19B|Employees: 150K
McDonald's Corporation is a global franchisor and operator of restaurants, offering a menu of food and beverages. The company operates in over 100 countries with a heavily franchised business model, which is designed to generate stable and predictable revenue. McDonald's competes in the informal eating out segment, focusing on price, convenience, service, and menu variety.
Consolidated revenues were flat for the quarter, but increased 1% in constant currencies, indicating some underlying growth offset by currency headwinds. For the six months, revenue increased 2% (also 2% in constant currency).
Consolidated operating income decreased 6% for the quarter (5% in constant currencies), while remaining flat for the six months (increased 1% in constant currencies). This suggests margin pressures in the short term.
Diluted earnings per share decreased 11% for the quarter (10% in constant currencies), but only 2% for the six months (also 2% in constant currencies), suggesting a more significant impact in the short term.