McDonald's Shares Fall After Revenue, Same-store Sales Miss Expectations

By Tonya GarciaMarketsMarketWatch Pulse

McDonald's Corp. shares fell 3.3% in Tuesday premarket trading after the fast-food giant reported second-quarter revenue and same-store sales that fell below the FactSet consensus. McDonald's reported net income of $1.09 billion, or $1.25 per share, down from $1.2 billion, or $1.26 per share, for the same period last year. The latest quarter results include 20 cents per share in strategic charges. The FactSet consensus was $1.39. Revenue for the quarter totaled $6.265 billion, down from $6.50 billion from the same period last year and below the $6.269 billion FactSet consensus. U.S. same-store sales increased 1.8%, below the 3.5% FactSet consensus. McDonald's shares are up 32.6% for the past year while the S&P 500 Index is up 4.3% for the same period.

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