Categories AlphaGraphs, Consumer, Earnings
MCD Earnings: McDonald’s Q4 2023 revenues and profit increase
Fast-food chain McDonald’s Corporation (NYSE: MCD) on Monday reported an increase in adjusted earnings for the fourth quarter of 2023 when its revenues rose 8%.
The company said fourth-quarter adjusted profit increased to $2.95 per share from $2.59 per share in the comparable period of 2022. Unadjusted earnings rose to $2.03 billion or $2.80 per share in the December quarter from $1.90 billion or $2.59 per share a year earlier.
Global comparable store sales moved up 3.4% annually. At $6.41 billion, fourth-quarter net revenue was up 8% year-over-year.
“Strong execution of our Accelerating the Arches strategy has driven over 30% comparable sales growth since 2019 as our talented crew members, and the industry’s best franchisees and suppliers have demonstrated proven agility with a relentless focus on the customer,” said McDonald’s chief executive officer Chris Kempczinski.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
AbbVie Q4 2024 adjusted earnings decline despite 6% revenue growth
Biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) announced fourth-quarter 2024 financial results, reporting a double-digit dip in adjusted earnings and an increase in revenues. The company reported worldwide net revenues of
CVX Earnings: Chevron Q4 2024 revenue grows 11% YoY
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced fourth-quarter 2024 financial results, reporting an increase in revenues. Net income attributable to Chevron Corporation rose to $3.24 billion or
Colgate-Palmolive (CL) Q4 2024 Earnings: Key financials and quarterly highlights
Colgate-Palmolive Company (NYSE: CL) reported its fourth quarter 2024 earnings results today. Net sales of $4.94 billion remained relatively unchanged from the prior-year quarter. Organic sales grew 4.3%. Net income