Highlights from the Earnings Release

• Global comparable sales increased 3.8%, with broad-based growth across all segments
• Systemwide sales* to loyalty members across 60 loyalty markets were approximately $33 billion for the trailing twelve-month period and approximately $9 billion for the quarter

CHICAGO, IL - McDonald's Corporation today announced results for the second quarter ended June 30, 2025.

“Our 6% global Systemwide sales growth this quarter is a testament to the power of compelling value, standout marketing, and menu innovation—proving again that when we stay focused on executing what matters most to our customers, we grow,” said Chairman and CEO Chris Kempczinski. “Our technology investments and ability to scale digital solutions at speed will continue to elevate the McDonald’s experience for customers, crew, and our global System.”

Second quarter financial performance:

• Global comparable sales increased 3.8%:
  • U.S. increased 2.5%
  • International Operated Markets increased 4.0%
  • International Developmental Licensed Markets increased 5.6%
• Consolidated revenues increased 5% (4% in constant currencies).
• Systemwide sales increased 8% (6% in constant currencies).
• Consolidated operating income increased 11% (8% in constant currencies). Results included pre-tax charges of $43 million primarily related to restructuring charges associated with Accelerating the Organization. Excluding these current year charges, as well as prior year pre-tax charges of $154 million, consolidated operating income increased 7% (4% in constant currencies).**
• Diluted earnings per share was $3.14, an increase of 12% (10% in constant currencies). Excluding the current year charges described above of $0.05 per share, diluted earnings per share was $3.19, an increase of 7% (5% in constant currencies) when also excluding prior year charges.**

*Refer to page 4 of full release for a definition of Systemwide sales.

**Refer to page 2 and 3 of full release for additional details on our results for the second quarter 2025 and 2024.