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BRIEF-McDonald's Reports Q2 Earnings Of $0.65 Per Share

Published 28/07/2020, 09:11 pm
© Reuters.
MCD
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July 28 (Reuters) - McDonald's Corp (NYSE:MCD) MCD.N :

* QUARTERLY EARNINGS PER SHARE $0.65

* QUARTERLY NON-GAAP EARNINGS PER SHARE $0.66​

* QUARTERLY TOTAL REVENUE $3.76 BILLION VERSUS $5.41 BILLION

* Q2 SHR VIEW $0.74, REV VIEW $3.68 BLN -- REFINITIV IBES DATA

* QUARTERLY GLOBAL COMPARABLE SALES DECLINED 23.9%

* QUARTERLY SYSTEMWIDE SALES DECREASED 24%

* SAYS FOREIGN CURRENCY TRANSLATION HAD A NEGATIVE IMPACT OF $0.01 ON EARNINGS PER SHARE FOR THE QUARTER

* SAYS U.S., INTERNATIONAL OPERATED MARKETS SEGMENT AND GLOBAL MONTHLY COMPARABLE SALES SEQUENTIALLY IMPROVED THROUGHOUT Q2

* QUARTERLY U.S. COMPARABLE SALES DOWN 8.7%

* QUARTERLY INTERNATIONAL OPERATED MARKETS COMPARABLE SALES DOWN 41.4%

* QUARTERLY INTERNATIONAL DEVELOPMENTAL LICENSED MARKETS & CORPORATE COMPARABLE SALES DOWN 24.2%

* SAYS AS OF JUNE 30, 2020, NEARLY ALL MCDONALD'S RESTAURANTS AROUND THE WORLD WERE OPEN TO SERVE CUSTOMERS

* SAYS AS OF JUNE 30, SUBSTANTIALLY ALL RESTAURANTS IN CHINA & JAPAN WERE OPERATING WITH REDUCED SEATING CAPACITY FOR DINE-IN

* SAYS AS OF JUNE 30, LATIN AMERICA WAS THE GEOGRAPHY WITH MOST RESTAURANTS CLOSED

* QUARTERLY U.S. COMPARABLE SALES AND GUEST COUNTS REMAINED NEGATIVE, PARTICULARLY AT THE BREAKFAST DAYPART

* QUARTERLY COMPARABLE SALES WERE POSITIVE IN AUSTRALIA IN MAY AND JUNE DRIVEN BY STRONG DRIVE-THRU PERFORMANCE

* Q2 INTERNATIONAL DEVELOPMENTAL LICENSED MARKET COMP SALES IMPACTED BY TEMPORARY RESTAURANT CLOSURES IN NEARLY ALL GEOGRAPHIES, MOST NOTABLY IN LATAM

* Q2 INTERNATIONAL DEVELOPMENTAL LICENSED MARKETS RESULTS REFLECTED CONTINUED NEGATIVE COMP SALES IN CHINA & POSITIVE COMP SALES IN JAPAN

* Q2 INTERNATIONAL OPERATED MARKETS COMP SALES HEAVILY IMPACTED BY TEMPORARY RESTAURANT CLOSURES, LIMITED OPERATIONS, PARTICULARLY IN UK, FRANCE

* QUARTERLY RESULTS INCLUDED INCREASE IN RESERVES FOR BAD DEBTS OF $45 MILLION

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