00:00It's Benzinga, bringing Wall Street to Main Street.
00:02McDonald's reported mixed quarterly results as U.S. same-store sales growth slowed, according to CNBC.
00:08The company reported adjusted earnings of $3.38 per share on $7.10 billion in revenue,
00:14compared with Wall Street expectations of $3.32 per share and $7.13 billion in revenue.
00:21Global same-store sales rose 1.3%, while U.S. same-store sales increased 0.8%
00:26as higher average checks offset lower restaurant traffic.
00:30McDonald's launched refreshers and crafted sodas in May,
00:32but faced difficult comparisons with the prior year's limited-time Minecraft meal promotion.
00:37The restaurant chain also named Sky Anderson president of its U.S. business,
00:41effective Tuesday, as it looks to accelerate growth in its largest market.
00:45McDonald's unveiled a growth strategy centered on updated restaurant designs,
00:49better food and drinks, consumer-led innovation, and improved customer service.
00:53Shares rose 2% in pre-market trading.
00:55For all things money, visit Benzinga.com.
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