McDonald’s Corporation (NYSE: MCD) this week reported a sharp increase in fourth-quarter earnings, supported by a 13% increase in revenues. However, the results fell short of expectations.
The fast-food chain reported revenues of $6 billion for the December quarter, up 13% year-over-year but slightly below Wall Street’s projection. Global comparable sales were up 12.3%.
Adjusted earnings moved up to $2.23 per share from $1.70 per share last year but missed estimates. Net income was $1.64 billion or $2.18 per share, compared to $1.38 billion or $1.84 per share in the fourth quarter of 2020.
Read management/analysts’ comments on McDonald’s Q4 results
McDonald’s stock traded higher on Friday afternoon, after closing the previous session slightly below $250. The shares have declined 7% since the beginning of the year.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was