McDonald's (MCD) Q2 2026 earnings
McDonald's reported mixed second-quarter results, with U.S. same-store sales growth of only 0.8% despite global growth of 1.3%. The company is replacing its U.S. president, Joe Erlinger, with Skye Anderson to address execution issues in its domestic market.
Why it matters
As a bellwether for the fast-food industry, McDonald's struggles with U.S. traffic and discount execution highlight broader consumer spending pressures and operational challenges in the quick-service restaurant sector.
McDonald's on Tuesday reported mixed quarterly results as the chain's U.S. performance fell short of executives' expectations.
"We don't have a strategy problem," CEO Chris Kempczinski said on the company's earnings conference call. "We simply didn't execute at the level we needed to in the second quarter."
The company also announced that Skye Anderson is assuming the role of president of its U.S. business, effective Tuesday, as it tries to boost performance in its home market. She succeeds Joe Erlinger, who led the division for more than six years. Anderson, a 26-year McDonald's veteran, previously served as chief operating officer of McDonald's USA and led its Global Business Services unit before that.
"While our playbook is working around the world, we see an opportunity to raise the bar in the U.S. and accelerate performance in our largest market," Kempczinski said in a statement.
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