New York — McDonald’s reported higher second-quarter profits on Tuesday behind strong comparable sales in key markets, including the US. Net income for the quarter ending June 30 was $1.4bn, up 28% from the year-ago period, in results that easily topped analyst expectations. Revenues dipped 3% to $6bn, partly due to the strong dollar and the refranchising of restaurants. CEO Steve Easterbrook, who was appointed in 2015 amid a lengthy slump at McDonald’s, said the results showed progress following efforts to improve service and simplify the menu in its home market. The US accounts for about one-third of McDonald’s revenue. "We’re building a better McDonald’s and more customers are noticing," Easterbrook said. "Our relentless commitment to running great restaurants and keeping the customer at the centre of everything we do is generating broad-based strength and momentum across our entire business." Comparable sales rose 3.9% in the US following promotions around cold beverages and the...
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