Inferra AIResearch Tools

Inferra AI / Company / MCD

McDonald's

MCD · Consumer Discretionary

Last earnings Sep 23, 2026

Key results

Consolidated revenuequarter

2.5%

increased 2.5% International Operated Markets increased 4.0% International Developmental Licensed Markets increased 5.6% Consolidated revenues increased 5% (4% in constant currencies).

SEC original ↗McDonald's — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Consolidated operating incomequarter

11%

Consolidated operating income increased 11% (8% in constant currencies).

SEC original ↗McDonald's — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Operating incomequarter

7%

Excluding these current year charges, as well as prior year pre-tax charges of $154 million, consolidated operating income increased 7% (4% in constant currencies).

SEC original ↗McDonald's — Earnings release (8-K exhibit)EX-99Aug 6, 2025

EPSquarter

$3.14

** Diluted earnings per share was $3.14, an increase of 12% (10% in constant currencies).

SEC original ↗McDonald's — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Excluding the current year charges described above of $0.05 per share, diluted earnings per share was $3.19, an increase of 7% (5% in constant currencies) when also excluding prior year charges.

SEC original ↗McDonald's — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Net incomequarter

11%

net income increased 11% (9% in constant currencies) to $2,253 million, and diluted

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

earnings per share increased 12% (10% in constant currencies) to $3.14.

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

Foreign currency translation had a positive impact of $0.06 on diluted earnings per share.

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

AI analysis

Q2 2025 · reported Aug 6, 2025

Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held

EPS · Q2 2025
$3.14
EX-99 · Aug 6, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Consolidated revenue2.5%——
Consolidated operating income11%——
Operating income7%——
EPS$3.14——
Net income11%——

EX-99 · Aug 6, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Dividend$1.77
Capex$3.0

Free cash flow , defined as cash provided by operations less capital expenditures, and free cash flow conversion rate, defined as free cash flow divided by net income, are measures reviewed by management in order to evaluate the Company s ability to convert net profits into cash resources, after reinvesting in the core business, that can be used to pursue opportunities to enhance shareholder value.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Results included pre-tax charges of $43 million primarily related to restructuring charges associated with Accelerating the Organization

Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Free cash flow , defined as cash provided by operations less capital expenditures, and free cash flow conversion rate, defined as free cash flow divided by net income, are measures reviewed by management in order to evaluate the Company s ability to convert net profits into cash resources, after reinvesting in the core business, that can be used to pursue opportunities to enhance shareholder value.

SEC original ↗McDonald's — Earnings release (8-K exhibit)EX-99Aug 6, 2025

During the quarter, the Company paid a dividend of $1.77 per share, or $1.3 billion, resulting in total dividends paid for the six months of $2.5 billion.

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

Additionally, during the quarter, the Company repurchased 1.7 million shares of stock for $506 million, resulting in total purchases for the six months of 3.2 million shares, or $953 million.

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

Results for both periods reflected higher average debt balances, while the six months also reflected higher average interest rates.

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

Based on current interest and foreign currency exchange rates, the Company expects interest expense for the full year 2025 to increase about 4% driven primarily by higher average debt balances and higher average interest rates.

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

The Company expects 2025 capital expenditures to be between $3.0 and $3.2 billion, with the majority directed towards new restaurant unit expansion across the U.

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

Strategy & priorities

Our 6% global Systemwide sales growth this quarter is a testament to the power of compelling value, standout marketing, and menu innovation proving again that when we stay focused on executing what matters most to our customers, we grow, said Chairman and CEO Chris Kempczinski.

SEC original ↗McDonald's — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Changes in Systemwide sales are primarily driven by comparable sales and net restaurant unit expansion.

SEC original ↗McDonald's — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Accelerating the Organization In January 2023, the Company announced an evolution of its successful Accelerating the Arches strategy.

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

Enhancements to the strategy include the addition of Restaurant Development to the Company s growth pillars and an internal effort to modernize ways of working, Accelerating the Organization, both of which are aimed at elevating the Company s performance.

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

Accelerating the Organization is designed to unlock further growth as the Company focuses on becoming faster, more innovative and more efficient for its customers and people.

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

Risks & headwinds

These forward-looking statements involve a number of risks and uncertainties.

SEC original ↗McDonald's — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The increase in asset dispositions and other (income) expense, net for both periods reflected higher asset write-offs, higher store closing costs and litigation settlements.

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

Additional risks not currently known to us or that we currently deem to be immaterial may also significantly adversely affect our business.

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

For example, nutritional, health, environmental and other scientific studies and conclusions, which continuously evolve and may have contradictory implications, drive popular opinion, litigation and regulation (including initiatives intended to drive consumer behavior) in ways that affect the informal eating out ( IEO ) segment or perceptions of our brand, generally or relative to available alternatives.

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

Our business could also be impacted by business incidents or practices, whether actual or perceived, particularly if they receive considerable publicity or result in litigation or governmental investigations or proceedings, as well as by our perceived position or lack of position on environmental, social responsibility, public policy, geopolitical and similar matters.

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

In addition, we cannot ensure that franchisees or business partners will not take actions that adversely affect the value and relevance of our brand.

SEC original ↗McDonald's — Presentation / slide deck (8-K exhibit)EX-99Aug 6, 2025

Documents

Earnings deck slides

0 decks with slide view

McDonald's — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

McDonald's — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

McDonald's — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

McDonald's — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

McDonald's — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

McDonald's — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

McDonald's — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

McDonald's — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

McDonald's — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

McDonald's — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Amazon (AMZN) Consumer DiscretionaryTesla, Inc. (TSLA) Consumer DiscretionaryAlibaba Group (BABA) Consumer DiscretionaryeBay Inc. (EBAY) Consumer DiscretionaryToyota Motor (TM) Consumer DiscretionaryO'Reilly Automotive (ORLY) Consumer DiscretionaryLi Auto Inc. (LI) Consumer DiscretionaryV F Corp (VFC) Consumer Discretionary

Filings

60 documents

Earnings releases

25 documents

Presentations

10 documents

Transcripts

0 documents

No transcripts for McDonald's are held in this edition of the library.

Mentioned by

2 companies

Other tracked companies whose held documents mention McDonald's by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.