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McDonald's Q4 Slip-Up
This week, our favorite McDonald's🍔 released its Q4 and full-year financial report for 2024.
Mc Donald's Q4 results came in a bit under par—$6.39B in revenue versus the expected $6.45B, and adjusted EPS of $2.80, shy of $2.84. While 🌍 global same-store sales crept up by 0.4%, 🇺🇸US sales took a 1.4% hit, thanks in part to an unfortunate E. coli outbreak last October.
For the full year, McDonald's reported revenue of $25.92 billion, up 1.7% YoY, while net income fell 3% to $8.22 billion. The stock gained over 2% in premarket hours on Monday. Hopes rose due to improved confidence in food safety and new product offerings.
Global comparable sales: +0.4% (full year -0.10%)
Consolidated revenues: flat (full year +1.7%)
Consolidated operating income: +2% (full year +1%)
Diluted EPS: $2.80, +1% (full year $11.39, -1%)