McDonald's

McDonald's reported Q2 sales of $7.1B (slightly below $7.13B estimate) with US same-store sales growth of only 0.8% (slowest in over a year), though EPS of $3.38 topped $3.32 estimate. The company appointed Skye Anderson as US president to address sluggish sales driven by pricing pressures on middle-income customers and execution challenges with overlapping menu promotions.