McDonald's Corporation has today announced results for the second quarter ended 30 June 2016, showing global comparable sales increased by 3.1%, reflecting positive comparable sales in all segments.
Due to the impact of refranchising, consolidated revenues decreased by 4% (1% in constant currencies).
In the US, comparable sales increased 1.8%, with continued contributions from All Day Breakfast and McPick 2, despite softening industry growth during the quarter. Operating income for the quarter rose 10%, reflecting higher sales-driven franchised margins and higher gains from restaurant refranchising.
McDonald's US begins the second half of the year focused on adding more breakfast sandwich favorites - Biscuits, McMuffins and McGriddles - to the All Day Breakfast menu this auntumn.
Comparable sales for the International Lead segment increased 2.6% for the quarter, led by positive performance in the UK, Canada and Australia, and slightly positive results in Germany. Operating income for the quarter increased 4% (7% in constant currencies), driven by improved franchised margins.
President and CEO Steve Easterbrook said, 'Our second quarter performance, which marks our fourth consecutive quarter of positive comparable sales across all business segments, provides a clear indication that customers are responding to the steps we're taking to deliver the menu and value options they want at the convenience of McDonald's. We're making steady progress on transforming our business to satisfy the needs of our customers around the world, despite a challenging environment in several key markets.'