The fast-food giant posted an adjusted EPS of $2.80, falling short of the consensus estimate of $3.07. Revenue for the quarter also came in below expectations at $6.49 billion, compared to the predicted $6.62 billion.
McDonald's CEO Chris Kempczinski attributed the mixed results to the company's focus on executing its"Accelerating the Arches" strategy, emphasizing value and growth drivers such as chicken and loyalty programs. In the U.S., negative comparable guest counts were partly offset by average check growth due to strategic menu price increases. The International Operated Markets segment saw performance affected by negative sales in France, while the International Developmental Licensed Markets were impacted by the ongoing war in the Middle East and negative sales in China, despite positive sales in Latin America and Japan.