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 […]

February 5, 2024 1 min read

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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 […]
· February 5, 2024

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%.

McDonald’s Q4 2023 earnings infographic

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.