McDonald's Corporation Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015
Jul 23 15
McDonald's Corporation announced consolidated earnings results for second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $6,497.7 million, operating income of $1,849.3 million, net income of $1,202.4 million or $1.26 per diluted share compared to the total revenues of $7,181.7 million, operating income of $2,189.0 million, net income of $1,387.1 million or $1.40 per diluted share for the same quarter a year ago, respectively. Consolidated operating income decrease of 16% due in part to approximately $45 million of restructuring charges incurred to optimize the company's global operating structure. Income before provision for income taxes was $1,712.4 million against $2,071.5 million a year ago.
For the six months, the company reported total revenues of $12,456.6 million, operating income of $3,234.8 million, net income of $2,013.9 million or $2.09 per diluted share compared to the total revenues of $13,882.0 million, operating income of $4,125.0 million, net income of $2,591.9 million or $2.61 per diluted share for the same quarter a year ago, respectively. Income before provision for income taxes was $2,966.5 million against $3,854.8 million a year ago.
Looking ahead to third quarter of 2015, the company expects positive global comparable sales. The company now expects foreign currency translation to negatively impact the company's results by $0.14 to $0.16 in the third quarter and about $0.45 for the full year.
The company now expects foreign currency translation to negatively impact the company's results about $0.45 for the full year 2015. The company continues to expect the full year tax rate to be at the high end of the company's existing 31% to 33% range.
McDonald's Corp. Announces Quarterly Cash Dividend Payable on September 16, 2015
Jul 16 15
The Board of Directors of McDonald's Corp. declared a quarterly cash dividend of $0.85 per share of common stock payable on September 16, 2015 to shareholders of record at the close of business on September 1, 2015.
McDonald's Introduces New Quarter-Pounder
Jun 26 15
McDonald's has introduced a new quarter-pounder that is now 4.25 ounces before cooking and will have more visible sear lines. The burger will roll out within the next month of July 2015. The change improves the taste, texture and appearance of the burger as the patties retain more moisture resulting in a juicier and more flavorful burger. The change seems to be a result of CEO Steve Easterbrook's attempt to bring tastier foods to the menu and turn sluggish sales of the company around.
McDonald's Looking To Sell Taiwan Stores To Franchise Operator
Jun 25 15
McDonald's Corp. (NYSE:MCD) is planning to sell all of its 413 Taiwan-based stores to a franchise operator. "McDonald's has decided to search for suitable candidates to become its developmental licensee in Taiwan," the company said in a statement.
Silvia Lagnado Joins as Global Chief Marketing Officer of McDonald's Corp
Jun 24 15
Britvic plc announced that following her appointment as Global Chief Marketing Officer of McDonald's Corp. and her associated relocation to the U.S. Silvia Lagnado has resigned as a Non-Executive Director with effect from July 31, 2015 from Britvic plc.