Crispy chicken, boy bands and dining in; McDonald's rebounds
The Peninsula
McDonald’s posted better-than-expected sales in the second quarter as dining rooms reopened and new chicken sandwiches generated customer traffic.
Revenue jumped 57% to nearly $5.9 billion in the April-June period. That beat Wall Street’s forecast of $5.6 billion, according to analysts polled by FactSet. Global same-store sales, or sales at locations open at least a year, rose 40.5% from the same period a year ago. It was an easy comparison; the second quarter of 2020 was the low point of the pandemic for McDonald’s, when lockdowns shuttered stores and sales plunged 30%.More Related News