McDonalds Corporation
MCD
$311.23 0.87%
Exchange: NYSE | Sector: Consumer Cyclical | Industry: Restaurants
Q4 2023
Published: Feb 22, 2024

Earnings Highlights

  • Revenue of $6.41B up 8.1% year-over-year
  • EPS of $2.80 increased by 8.5% from previous year
  • Gross margin of 55.6%
  • Net income of 2.04B
  • ""While macroeconomic pressures persisted throughout 2023, the resilience and power of our system was on full display, and we are heading into the new year in a position of strength." - Chris Kempczinski, CEO" - Chris Kempczinski
MCD
McDonalds Corporation

Executive Summary

In the fourth quarter of 2023, McDonald's Corporation (MCD) reported revenues of $6.41 billion, reflecting a year-over-year growth of 8.09%, although it decreased by 4.27% quarter-over-quarter. The operating income stood at $2.83 billion, with a notable operating margin of 44.22%. Net income reached $2.0 billion, buoyed by an effective pricing strategy and robust traffic despite facing macroeconomic pressures and geopolitical conflicts affecting certain global markets. CEO Chris Kempczinski highlighted the company's resilience and the effectiveness of the 'Accelerating the Arches' strategy, which has generated over 30% comparable sales growth since its inception in 2019. McDonald's commits to expanding its footprint, with a target of 50,000 restaurants by 2027. Investors should note the ongoing adaptations to meet evolving consumer needs in a competitive landscape.

Key Performance Indicators

Revenue
Increasing
6.41B
QoQ: -4.27% | YoY: 8.09%
Gross Profit
Increasing
3.56B
55.63% margin
QoQ: -7.76% | YoY: 4.54%
Operating Income
Increasing
2.83B
QoQ: -11.70% | YoY: 9.68%
Net Income
Increasing
2.04B
QoQ: -12.00% | YoY: 7.12%
EPS
Increasing
2.82
QoQ: -11.60% | YoY: 8.46%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 5,956.00 2.60 -3.5% View
Q4 2024 6,388.00 2.80 -0.3% View
Q3 2024 6,874.00 3.13 +2.7% View
Q2 2024 6,490.00 2.80 -0.1% View
Q1 2024 6,169.00 2.66 +4.6% View
Q4 2023 6,406.20 2.80 +8.1% View