McDonald's Corporation
MCD · NYSE
MCD · NYSE
Expected to report Nov 4, 2026 — estimated from last year’s reporting date.
Consensus is $3.41 EPS for Sep 2026 across 9 estimates, ranging $3.34 to $3.50.
McDonald's delivered a modest EPS beat in the June 2026 quarter, with diluted EPS of $3.38 versus the $3.32 consensus, a 1.8% surprise. EPS was up 7.6% from $3.14 a year earlier and 21.6% from $2.78 in the March 2026 quarter. The supplied materials do not include current-quarter revenue, operating income or net income, so the earnings comparison is limited to per-share results.
The more consequential focus of the release was the transition in McDonald's largest market. Skye Anderson was appointed President of McDonald's USA, effective August 4, replacing Joe Erlinger, who is leaving after more than two decades with the company. Anderson brings 26 years of McDonald's experience and will oversee nearly 14,000 restaurants. Management framed her appointment around executing McDonald's > NEXT through better everyday restaurant operations, stronger value and improved customer experience. Her prior record in the U.S. West Zone—more than 30% comparable sales growth across a base of over 5,700 restaurants and a $100,000 increase in average restaurant unit cash flow—provides the main operating rationale for the appointment. Erlinger will remain available as an advisor through early 2027.
The quarter produced diluted EPS of $3.38, exceeding the $3.32 analyst consensus by $0.06, or 1.8%. EPS also improved against both comparison periods: it was $3.14 in Q2 FY2025 and $2.78 in Q1 FY2026. The supplied release does not provide the June 2026 revenue, operating income or net income figures, limiting the assessment of the broader income statement.
McDonald's appointed Skye Anderson as President of McDonald's USA effective August 4. She succeeds Joe Erlinger, who is leaving the company after more than 20 years, including nearly seven years running the U.S. business. Erlinger will work with Anderson during the transition and remain an advisor until early 2027.
Management positioned the appointment as an execution step for McDonald's > NEXT, with the U.S. business expected to improve the everyday restaurant experience, reinforce value and support long-term profitable growth. The release emphasizes translating strategy into restaurant-level outcomes rather than introducing a new strategic framework.
McDonald's credited Erlinger with strengthening the U.S. business through a period of significant change. Management specifically cited progress in digital capabilities, the franchise system and the operating foundation, while framing his departure as a planned transition rather than an abrupt change in direction.
