Earnings

McDonald’s (MCD) Q4 2023 earnings

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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

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