NYSE$MCD

McDonald's · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

McDonald's reported strong Q2 2021 results with significant growth in global comparable sales and revenue.

McDonald's Corporation announced strong second-quarter results, with global comparable sales increasing by 40.5% and consolidated revenues up by 57% to $5,888 million. The company's performance reflects broad-based business momentum and strength across all segments, driven by digital leadership and customer-focused initiatives.

  • Global comparable sales increased by 40.5% in the second quarter, reflecting sequential acceleration and broad-based business momentum.
  • Comparable sales increased across all segments on a 2-year basis.
  • Year-to-date Systemwide sales from digital channels across top 6 markets were nearly $8 billion, a 70% increase versus the prior year.
  • Consolidated revenues increased 57% to $5,888 million.

Headline financials

Total Revenue

$5.89B

Previous: $3.76B+56.5%
EPS (adj)

$2.37

Previous: $0.66+259.1%
Capital Expenditures

-$483M

Previous: -$305M-58.2%
Free Cash Flow

$1.74B

Previous: $179M+871.3%
Net Income

$2.22B

Previous: $484M+358.7%
Operating Income

$2.69B

Previous: $961M+180.0%
Gross Profit

$5.31B

Previous: $3.24B+64.0%
Cash & Equivalents

$3.05B

Previous: $3.26B-6.3%
Total Assets

$51.9B

Previous: $49.9B+3.9%
Stock-Based Comp

$36.5M

Previous: $30.8M+18.5%

Revenue & EPS history

McDonald's · Revenue · Quarterly

$5.89B

Q2 2021+56.5%vs Q2 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

McDonald's · $2.3B total across 1 segment · Q1 2022

  • Company-Owned Restaurants
    $2.3B

Forward guidance

The company expects some operating restrictions in various markets as long as the COVID-19 pandemic continues.

Headwinds

  • COVID-19 resurgences throughout the quarter and six months have resulted in instances of government restrictions on restaurant operating hours.
  • Limited dine-in capacity.
  • In some cases, dining room closures.
  • Expects some operating restrictions in various markets so long as the COVID-19 pandemic continues.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.3%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.1%

Avg return

30 days after

53%

39 / 73 earnings

Positive

+9.8%

Q3 2015

Best reaction

-6.2%

Q2 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%-3.2%-1.5%
Q4 2025+2.7%+1.4%+1.0%
Q3 2025+2.3%-0.0%+4.0%
Q2 2025+3.0%+1.9%+5.2%
Q1 2025-1.9%-0.9%-1.8%
Q4 2024+4.8%+4.8%+1.7%
Q3 2024-1.8%-0.5%-0.6%
Q2 2024+5.7%+9.8%+13.9%
Q1 2024+0.3%-1.2%-7.9%
Q4 2023-4.2%-2.6%-1.4%
Q3 2023+2.5%+4.7%+9.6%
Q2 2023+0.8%-0.2%-2.5%
Q1 2023-1.2%+0.9%-2.6%
Q4 2022-1.7%-2.5%-1.2%
Q3 2022+7.0%+6.4%+7.2%
Q2 2022+3.4%+5.2%+4.9%
Q1 2022+0.8%-0.5%+1.9%
Q4 2021+2.5%+3.7%-0.2%
Q3 2021+3.8%+6.0%+5.7%
Q2 2021-0.9%-2.5%-3.6%
Q1 2021+1.6%+0.6%+0.6%
Q4 2020+0.4%+1.3%-0.4%
Q3 2020-1.5%-1.5%-3.6%
Q2 2020-2.5%-3.5%+5.4%
Q1 2020-2.7%-4.6%-0.8%
Q4 2019+2.8%+2.3%-7.7%
Q3 2019-5.1%-7.3%-8.3%
Q2 2019+0.3%-1.7%+0.1%
Q1 2019-1.5%+0.2%+1.1%
Q4 2018-1.9%-2.5%+1.6%
Q3 2018+6.4%+4.0%+9.7%
Q2 2018-0.9%-0.8%+0.3%
Q1 2018+3.2%+4.3%+2.2%
Q4 2017-3.7%-4.7%-12.4%
Q3 2017+0.1%+1.3%+3.5%
Q2 2017+3.1%+2.6%+4.3%
Q1 2017+4.9%+4.2%+11.6%
Q4 2016-1.0%+0.5%+4.6%
Q3 2016+2.7%+1.4%+8.5%
Q2 2016-6.2%-7.7%-9.4%
Q1 2016+1.3%
Q4 2015+1.7%
Q3 2015+9.8%
Q2 2015-1.5%
Q1 2015+2.2%
Q4 2014-0.2%
Q3 2014-0.7%
Q2 2014-2.3%
Q1 2014-0.5%
Q4 2013-0.5%
Q3 2013-0.1%
Q2 2013-3.5%
Q1 2013-2.5%
Q4 2012+0.4%
Q3 2012-4.7%
Q2 2012-3.8%
Q1 2012-0.1%
Q4 2011-0.4%
Q3 2011+1.7%
Q2 2011-2.6%
Q1 2011+0.2%
Q4 2010+0.6%
Q3 2010+0.2%
Q2 2010+1.5%
Q1 2009-3.8%
Q1 2010+0.5%
Q4 2007-0.6%
Q4 2009-0.6%
Q3 2008+2.4%
Q3 2009+2.4%
Q2 2009+0.2%
Q4 2008+0.2%
Q2 2008+0.2%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro