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McDonald’s posted a strong profit in its second quarter and named a new chief of U.S. operations with sales at home under pressure as many Americans grow more cautious about spending.<\/p>\n
McDonald\u2019s said same-store sales, or sales at locations open at least a year, edged up 0.8% in the U.S. That\u2019s a sharp slowdown from the 2.5% increase a year ago, when the company had a big win<\/a> with a meal tied to \u201cA Minecraft Movie.\u201d Global same-store sales rose 1.3%. <\/p>\n McDonald\u2019s warned in May that high gas prices<\/a> and consumer anxiety<\/a> over the U.S. conflict with Iran<\/a> could dent its sales. The U.S. average for regular gasoline reached its most recent peak on May 21 at $4.56 per gallon, according to AAA. <\/p>\n The Chicago burger chain earned $2.36 billion, or $3.32 per share, for the three months ended June 30. A year earlier it earned $2.25 billion, or $3.14 per share.<\/p>\n Excluding one time charges and benefits, earnings were $3.38 per share, beating the $3.32 per share analysts polled by FactSet expected. <\/p>\n Revenue climbed to $7.1 billion from $6.84 billion in the prior-year period, but came a bit short of Wall Street’s estimate of $7.13 billion. <\/p>\n McDonald’s announced Tuesday that Skye Anderson will be president of McDonald’s USA. <\/p>\n Shares rose 1.7% before the opening bell. <\/p>\n<\/div>\n