McDonald’s (MCD) Q4 2023 earnings


McDonald’s reported mixed quarterly results Monday as turmoil in the Middle East took a toll on its sales in those markets.

Shares of the company fell more than 2% in early trading.

Here’s what McDonald’s reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per share: $2.95 adjusted vs. $2.82 expected
  • Revenue: $6.41 billion vs. $6.45 billion expected

The fast-food giant reported fourth-quarter net income of $2.04 billion, or $2.80 per share, up from $1.9 billion, or $2.59 per share, a year earlier.

Excluding the write-off of software that’s no longer in use, restructuring costs and other items, McDonald’s earned…

Source cnbc.com

0 0 votes
Article Rating

Turkey inflation sees biggest monthly jump since August

Previous article

Red Sea tensions risk significantly higher inflation, OECD warns

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings