McDonald’s (NYSE:MCD) shares rose 2.6% in pre-open trading after the company beat the top and bottom line in the second quarter on strong same-store sales.
The fast food giant reported that global comparable sales increased 11.7% for the quarter, versus the consensus calling for an 8.88% increase.
U.S. comparable sales rose 10.3%, the International Operated Markets segment increased 11.9%, and the International Developmental Licensed Markets segment increased 14.0%.
U.S. sales gains benefited from strategic menu price increases and positive guest counts, the company said.
The company reported that EPS surged 97% to $3.15, versus the consensus of $2.78. Revenues rose 14% in constant currencies to $6.5 billion, versus the consensus of $6.29 billion.
"Our second quarter results reflect consistently strong execution of our Accelerating the Arches strategy, with global comparable sales growth of 11.7% and double-digit comparable sales growth across each of our segments," said McDonald's President and Chief Executive Officer, Chris Kempczinski. "The McDonald's brand has never been stronger and I remain inspired by the ability of the McDonald's System to create cultural conversations and develop industry-leading innovations. While global macroeconomic challenges persist, we continue to invest in our growth drivers and our brand to meet the customer needs of tomorrow."