Categories AlphaGraphs, Consumer, Earnings
MCD Earnings: McDonald’s comp sales up 12.6% in Q4; profit increases
Fast-food chain McDonald’s Corporation (NYSE: MCD) on Tuesday reported an increase in adjusted earnings for the fourth quarter of 2022 when its revenues remained broadly unchanged.
The company said fourth-quarter adjusted profit increased 16% to $2.59 per share from $2.23 per share in the comparable period of 2021. Unadjusted earnings rose to $1.90 billion or $2.59 per share in the December quarter from $1.64 billion or $2.18 per share a year earlier.
Global comparable store sales moved up 12.6% annually. At $5.93 billion, fourth-quarter net revenue was broadly unchanged year-over-year.
Check this space to read management/analysts’ comments on McDonald’s Q4 2022 earnings
“While we expect short-term inflationary pressures to continue in 2023, we remain highly confident in Accelerating the Arches, which now includes a greater emphasis on new restaurant openings,” said McDonald’s chief executive officer Chris Kempczinski.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Trxade Health Inc. (NASDAQ: MEDS) Q1 2024 Research Summary
Trxade Health, Inc. (NASDAQ: MEDS) is a drug procurement and delivery platform that digitalizes the retail pharmacy experience. The company has a growing network of suppliers and partnerships with independent
Earnings Preview: Walmart (WMT) expected to report sales and profit gains in Q1
Over the years, Walmart Inc. (NYSE: WMT) has constantly diversified while maintaining its dominance in the retail world. The company is preparing to report financial results for the first three
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings