McDonald's (MCD -2.88% to $88.94) posted for its 2Q a diluted EPS of $1.32 down 2% YoY ($1.38 expected) with global comparable sales up 3.7% YoY to $6.9B. The Co pointed out: "McDonald's global comparable sales remained solid for the quarter while overall results reflected the slowing global economy, persistent economic headwinds and the investments we've made to enhance restaurant operations and provide customers the everyday value they have come to expect from McDonald's. (...) As we begin the third quarter, global comparable sales for July are expected to be positive, but less than second quarter".
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MCdonald's may be a great company be it certainly is not a great value stock.
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