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McDonald’s Posts Mixed Q2 Results, Sets To Correct Course
McDonald’s (MCD) reported mixed second-quarter results Tuesday, citing execution issues that hurt performance. It also named a new head of its U.S. business. Meanwhile, Shake Shack (SHAK) rallied on news that an activist fund acquired a stake in the company. McDonald’s earnings rose 6% to $3.38 per share year-over-year, excluding charges, which beat the consensus estimate of $3.32. Sales climbed…
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