McDonald's net income rises 3.7% in 2nd Qtr

New York-the McDonald's net income grew 3.7% in the second quarter of this year, to $ 1.4 billion (US $ 1.38 per share), from $ 1.35 billion (US $ 1.32 per share) in the same period last year. Revenue rose 2.4 percent to $ 7.08 billion.
Analysts polled by Thomson Reuters predicted earnings per share of $ 1.40 and $ 7,09 billion revenue. At 9:46 (), shares of McDonald 's, which is part of the Dow Jones, fell 2.67% in pre-market on New York. The operating margin decreased to 31.0% in the second quarter, 31.2% a year earlier.
The same stores concept-sales in stores open a year or more-rose 1.0% on an annual basis, more than the 0.8% high forecast of analysts. US sales grew 1.0%, below the 1.5% expansion expected, while in Europe sales declined 0.1%, as expected.
In Asia-Pacific, Middle East and Africa there was a 0.3% drop in sales, particularly because of negative results in China, Australia and Japan.
McDonald's expects sales at the same stores concept in July are relatively stable and said that the second-quarter results are a reminder that the year will continue to be challenging, according to the recent sales trends. Source: Dow Jones Newswires.