McDonald's says comp sales momentum continues in July; second-quarter profit tops forecast

NEW YORK (MarketWatch)
McDonald's Corp. ,the Oak Brook, Ill., restaurant chain, reported second-quarter net income rose 15% on 16% higher revenue and 5.6% higher global comparable sales.
Earnings reached $1.41 billion, or $1.35 a share, from $1.23 billion, or $1.13, in the year-earlier quarter.
Revenue climbed to $6.91 billion from $5.95 billion.
A survey of analysts by FactSet Research produced a consensus estimate of $1.28 a share of profit on $6.63 billion of revenue.
Operating earnings rose 6% in the U.S., 24% in Europe and 34% in the Asia-Mideast-Africa region, the company said in a Friday statement.
Europe's earnings were up 10% in constant currencies, led by strength in France, the U.K. and Russia. July comparable sales should rise 4% to 5%, MCD said