-=McDonald's (MCD) reported earnings on Tue 26 Jul 2016 (b/o)

McDonald's beats by $0.06, reports revs in-line  :

• Reports Q2 (Jun) earnings of $1.45 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $1.39; revenues fell 3.6% year/year to $6.26 bln vs the $6.27 bln Capital IQ Consensus. 
• Global comparable sales increased 3.1% vs. ests near +3.4%, reflecting positive comparable sales in all segments. In the U.S., second quarter comparable sales increased 1.8%, with continued contributions from All Day Breakfast and McPick 2 despite softening industry growth during the quarter. Operating income for the quarter rose 10%, reflecting higher sales-driven franchised margins and higher gains from restaurant refranchising. McDonald's U.S. begins the second half of the year focused on adding more breakfast sandwich favorites - Biscuits, McMuffins and McGriddles - to the All Day Breakfast menu this fall.
• Comparable sales for the International Lead segment increased 2.6% for the quarter, led by positive performance in the U.K., Canada and Australia, and slightly positive results in Germany. Operating income for the quarter increased 4% (7% in constant currencies), driven by improved franchised margins.
• In the High Growth segment, second quarter comparable sales increased 1.6%, led by positive comparable sales performance in China and Russia, along with solid performance across various other markets. The segment's operating income rose 25% (32% in constant currencies) fueled by improved results in China.