McDonald's Q2 Earnings: Strong Digital Growth Hides Weak Consumer

McDonald's (MCD) shares are inching higher after the fast-food giant delivered steady Q2 performance, supported by an aggressive value push and accelerating digital adoption.

The company recorded a better-than-expected $3.38 per share of earnings (EPS), on a 4% year-over-year increase in revenue to $7.1 billion, which nonetheless missed the consensus.

Despite the post-earnings gain, McDonald's stock is down more than 20% versus its year-to-date high.

In a post-earnings interview with Fox Business, industry expert Mitch Roschelle said MCD's sales miss suggests 'the lower-income consumer is tapped out' due to lingering inflation and household strain.