BUZZ-McDonald's gains as quarterly profit beats estimates

** Shares of burger giant McDonald's MCD.N up ~2% at $269.70 premarket

** Co posts quarterly adjusted profit of $3.38 per share, beating analysts' estimates of $3.32, as per data compiled by LSEG

** Appoints insider Skye Anderson as president of McDonald’s USA to lead its largest market

** co misses quarterly estimates for U.S. sales growth as budget-conscious consumers reduce restaurant spending amid persistent economic uncertainty and inflationary pressures

** Posts second-quarter revenue of $7.10 billion, missing analysts' estimates of $7.13 billion

** Quarterly global same-store sales growth came in at 1.3% missing estimates of 1.39%

** Q2 U.S. same-store sales growth of 0.8% vs expectations of a 1.06% rise

** As of last close, MCD down ~13% YTD

(Reporting by Shania S Thomas in Bengaluru)

((shanias.thomas@thomsonreuters.com))