McDonald's Corporation MCD today announced strong operating results for the second quarter and six months ended June 30, 2006.
The Company reported the following highlights for the quarter:
-- Revenues increased 9% driven by a global comparable sales increase of 5.5%
-- Company-operated and franchised restaurant margins improved in all geographic segments for the second consecutive quarter
-- Operating income rose 12%
-- Earnings per share were $0.67, including $0.10 of income from the sale of Chipotle Mexican Grill shares and $0.02 of expense related to impairment and a one-time impact from a tax law change. Second quarter 2005 earnings per share were $0.42, including $0.09 of tax expense due to the Homeland Investment Act
-- The Company repurchased about $800 million, or 23.5 million shares of its stock