McDonald's June same-restaurant sales increased a whopping 8.4%, marking the 50th consecutive month that McDonald's has achieved positive comps. That's a far cry from several years ago, when the company desperately needed a turnaround.
The fast-food giant said it expects a loss for the coming second quarter -- no surprise, since McDonald's had already announced that it would take a charge for a developmental license transaction in Latin America and the Caribbean, resulting in a $1.31-per-share deficit. Based solely on continuing operations, though, the company predicted earnings of $0.71 per share, up from $0.56 per share year over year.
McDonald's is once more proving a formidable rival to fellow burger-slingers like Burger King
June's success seems like more of McDonald's amazing recent winning streak, though investors may be wondering how long the fast-food standard can keep it up. We'll get a better idea when the company reports its full second-quarter numbers July 24. For now, though, seeing the way Mickey D's juiced June eases any fears I might have had of a potential slowdown.
For related Foolishness, put a few of these on the menu:
- McDonald's was still going strong back in April.
- Does McDonald's have a thirst for power?
- Mickey D's beefed up profit in January, too.