News

McDonald's pre-cyclospora news financial results show Q2 growth

July 26, 2018

McDonald's reported its Q2 financial results today, including news that comp sales for the period ending June 30 grew 2.6 percent, a news release said. The company said higher check totals contributed to the increase, which the brand attributed to a combination of menu price increases and product mix shifts. 

None of these quarterly results, however, reflected the brand's recent problems with the cyclospora parasite, which health officials told theChicago Tribune this week had sickened "hundreds" of customers in Midwestern stores. QSRweb has inquiries into the U.S. Centers for Disease Control and Prevention for a more exact number of cases at this time. 

Health officials believe the parasite was picked up in the chain's salad greens as well as some Del Monte vegetable trays. The information was first made public in mid-July, as previously reported by QSRweb. 

In the three months prior to news of that outbreak, McDonald's Q2 results at the chain included:

• 4 percent increase in global comp sales. 
• 15 percent growth in systemwide sales in constant currencies. 
• 4 percent decrease in revenues in constant currencies (attributed to chain's refranchising initiative). 
• 4 percent drop in consolidated operating income in constant currencies (attributed to restructuring charges.)
• 9 percent increase in diluted EPS in constant currencies. 

"We're seeing good performance across our business as our customers tell us that they value and appreciate the moves we're making to elevate the McDonald's experience. ..." McDonald's President and CEO Steve Easterbrook said in the release. "We've now marked 12 consecutive quarters of positive comparable sales, and we are confident that we're executing the right strategy to achieve long-term, profitable growth."