McDonald's beats earnings expectations but misses on revenue

McDonald's reported mixed second-quarter results, beating earnings expectations but missing revenue estimates, as sales growth in its U.S. market showed signs of slowing.

The fast-food giant posted adjusted earnings per share of $3.38, above analysts' expectations of $3.32. Revenue increased 4% year over year to $7.1 billion, slightly below the $7.13 billion forecast by Wall Street.

Net income for the quarter rose to $2.36 billion, or $3.32 per share, compared with $2.25 billion, or $3.14 per share,

in the same period of 2025.

Global comparable sales increased 1.3%, in line with Wall Street expectations. In the United States, however, comparable sales rose just 0.8%. McDonald's said higher average customer spending was offset by lower traffic at its domestic restaurants.

In an effort to strengthen performance in its largest market, the company announced a leadership change in its U.S. business. Skye Anderson, a 26-year McDonald's veteran who most recently served as Chief Operating Officer of McDonald's USA, has been appointed President of McDonald's USA, succeeding Joe Erlinger with immediate effect.

"While our playbook is working around the world, we see an opportunity to raise the bar in the U.S. and accelerate performance in our largest market," Chief Executive Officer Chris Kempczinski said.

International operations delivered stronger results than the domestic business. Comparable sales in the company's International Operated Markets segment increased 1.5%, while the International Developmental Licensed Markets division posted a 1.9% increase.

The quarterly results highlight McDonald's continued strength in international markets, while the company is now focusing on new leadership and commercial initiatives to revive restaurant traffic and accelerate growth in the United States.