The earnings call displayed a mix of positive outcomes in international markets and digital advancements, contrasted by challenges in the U.S. market due to declining low-income consumer visits and inflationary pressures. Despite these challenges, there is optimism with strategic efforts in menu pricing and technology enhancements.

Company Guidance -

Q3 2025

During McDonald's Second Quarter 2025 Investor Conference Call, the company reported a global system-wide sales growth of over 6% in constant currency and a global comparable sales increase of nearly 4%. The Internationally Operated Market (IOM) segment saw 4% comp sales growth, while the International Developmental Licensed (IDL) Markets reported comp sales growth of more than 5.5%, led by Japan. In the U.S., comp sales rose by 2.5%. The company aims to reach 250 million 90-day active loyalty users by the end of 2027 and has already achieved over 185 million across 60 markets. Adjusted earnings per share for the quarter were $3.19, with an adjusted operating margin of nearly 47% for the first half of the year. McDonald's plans to open approximately 2,200 restaurants globally in 2025, with a target of slightly over 4% unit growth. Despite industry headwinds, McDonald's remains confident in its ability to drive long-term profitable growth.

Global Sales Growth

McDonald's delivered global system-wide sales growth of over 6% in constant currency and global comparable sales growth of nearly 4%, with positive guest counts globally.

International Market Success

Internationally Operated Market segment comp sales increased by 4%, with all markets driving positive growth. International Developmental Licensed Markets delivered over 5.5% comp sales growth, led by Japan.

Strong Performance in Germany

Germany achieved positive sales and guest count gaps versus competitors and gained market share with a clear EDAP menu and new marketing strategies like the Chicken Big Mac.

Digital and Technology Advancements

Progress in digital initiatives such as edge computing with Google, geofencing technology, and a global finance system aimed at modernizing operations and enhancing customer experiences.

U.S. Consumer Engagement

The $5 Meal Deal and the reintroduction of Snack Wraps at a $2.99 price point showed positive consumer responses, with franchisees supporting nationally advertised pricing.

McDonald's (MCD) Earnings, Revenues Date & History

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MCD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	3.41 / -	3.23	―	―	―
Aug 07, 2025	2025 (Q2)	3.15 / 3.19	2.97	7.41% (+0.22)	―
May 01, 2025	2025 (Q1)	2.66 / 2.67	2.7	-1.11% (-0.03)	―
Feb 10, 2025	2024 (Q4)	2.85 / 2.83	2.95	-4.07% (-0.12)	―
Oct 29, 2024	2024 (Q3)	3.21 / 3.23	3.19	1.25% (+0.04)	―
Jul 29, 2024	2024 (Q2)	3.07 / 2.97	3.17	-6.31% (-0.20)	―
Apr 30, 2024	2024 (Q1)	2.72 / 2.70	2.63	2.66% (+0.07)	―
Feb 05, 2024	2023 (Q4)	2.83 / 2.95	2.59	13.90% (+0.36)	―
Oct 30, 2023	2023 (Q3)	3.00 / 3.19	2.68	19.03% (+0.51)	―
Jul 27, 2023	2023 (Q2)	2.78 / 3.17	2.55	24.31% (+0.62)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MCD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$307.66	$307.91	+0.08%
May 01, 2025	$317.85	$311.87	-1.88%
Feb 10, 2025	$290.96	$304.92	+4.80%
Oct 29, 2024	$291.67	$289.91	-0.60%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.