McDonald's Beats as Profit Jumps 15%

OAK BROOK, Ill. ( TheStreet) -- McDonald's ( MCD) beat second-quarter profit and revenue expectations as earnings rose nearly 15%.

McDonald's earned $1.41 billion, or $1.35 a share, up 14.6% from year-earlier profit of $1.23 billion, or $1.13 a share.

Revenue jumped 16.1% to $6.91 billion from $5.95 billion.


Top- and bottom-line results beat Wall Street estimates. Analysts had expected McDonald's to earn $1.34 billion, or $1.28 a share, on revenue of $6.65 billion.

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Global same-store sales -- or sales at stores open at least one year, a closely watched metric in the restaurant industry -- increased 5.6% in the recent quarter, including growth of 4.5% in the U.S., 5.9% in Europe, and 5.2% in McDonald's Asia/Pacific, Middle East and Africa region.


McDonald's also returned $1.4 billion to shareholders in the quarter through repurchases and dividend payments.

Shares of McDonald's jumped 2.8% in premarket trading Friday after closing 0.3% higher at $86.54 in Thursday's session.

Yum! Brands ( YUM), the operator of KFC, Taco Bell and Pizza Hut, beat Wall Street expectations for its second-quarter results last week on strong sales growth in China.


-- Written by Miriam Marcus Reimer in New York.

>To contact the writer of this article, click here: Miriam Reimer.

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