McDonald's beats on earnings after slashing prices on soda and coffee
McDonald's on Tuesday reported second-quarter profits and sales that were stronger than analysts had forecast, sending its shares higher in premarket trading.
Sales at stores open for at least one year in the US rose 3.9%, topping the forecast for growth by 3.2% according to Bloomberg. Adjusted earnings per share came in at $1.70 versus $1.62 forecast.
"We delivered our strongest global comparable sales and guest count results in more than five years," said Steve Easterbrook, McDonald's CEO.
McDonald's shares rose by as much as 2% in premarket trading. They gained 25% this year through the market close on Monday.