McDonald's Q2 Earnings Forecast: Slow Growth Ahead

McDonald's is set to report its second-quarter earnings on August 3, 2026. The fast-food chain is expected to post global same-store sales growth of 1.4%, down from the 3.8% reported in the first quarter. According to Bloomberg consensus data, US comparable sales are estimated to rise by 0.9% for the fifth consecutive quarter.

However, this growth rate is lower than the 2.5% increase seen in the second quarter of last year. Adjusted earnings per share are projected to increase by $0.13 to $3.32 year over year, while revenue is expected to grow by 4% to $7.12 billion.

McDonald's stock has underperformed the S&P 500 this year, falling 12%. Analysts point to several challenges that weighed on the company's results in the second quarter, including continued strain on low-income consumers and the lapse of the Minecraft limited-time offering in April.