McDonald's (MCD) reported impressive second-quarter results. Earnings and revenues handily beat consensus estimates despite the restaurant chain facing restrictions on the number of hours it could operate. Dine-in capacity was also significantly scaled down due to COVID-19 restrictions. Q2 earnings came in at $2.37 per share, better than the $2.08 a share that analysts expected. Revenues of $5.89 billion easily beat analysts’ projections of $5.53 billion. Global comparable sales were also up by 40.5%. (See McDonald's stock charts on TipRanks) The solid results reflect stronger operating performances across all the key segments on increased sales-driven restaurant margins. McDonald's also benefited from fewer restaurant closures and the easing of COVID-19 restrictions.
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McDonalds (NYSE:MCD)
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