McDonald's Corp. (NYSE:MCD) shares climbed in Wednesday's extended trading after the company released its fourth-quarter earnings report, beating estimates on the top and bottom lines.
Here's a look at the key figures from the quarter.
The Details: McDonald’s reported earnings of $3.12 per share, which beat the Street estimate of $3.04, according to data from Benzinga Pro.
Quarterly revenue of $7.01 billion beat the analyst estimate of $6.84 billion and was up from $6.39 billion in the same period last year.
McDonald’s reported the following fourth quarter highlights:
- Global comparable sales in the fourth quarter increased 5.7%, with positive global comparable guest counts and strong comparable sales growth across all segments.
- Global systemwide sales for the full year increased 7% to over $139 billion, or growth of $9 billion.
- Across 70 loyalty markets, systemwide sales to loyalty members for the full year increased 20% to nearly $37 billion, with 90-day active loyalty users up 19% to nearly 210 million as of year-end.
“McDonald’s value leadership is working,” said CEO Chris Kempczinski.
“By listening to customers and taking action, we have improved traffic and strengthened our value and affordability scores. That focus helped increase global systemwide sales by 8% and delivered strong comp sales growth across all segments this quarter,” Kempczinski added.
MCD Stock Price: According to data from Benzinga Pro, McDonald's stock rose 0.24% to $324 in Wednesday's extended trading.
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