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