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McDonald's Q2 Profit Beats Estimates Despite Decline in US Customer Visits

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MCD
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McDonald's reported its Q2 profit exceeded estimates despite U.S. customer visits declining by 1.7 percentage points.

The company's adjusted earnings per share climbed 6% to $3.38, surpassing the $3.32 analyst consensus.

The positive earnings result was driven by improved franchised margins and greater operating income, but was partly countered by a rise in administrative expenses.

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