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Mar 31, 2023
McDonald's Q1 2023 Earnings Report
McDonald's reported strong Q1 2023 results with comparable sales increasing by 12.6% and diluted earnings per share rising by 66%.
Key Takeaways
McDonald's Corporation announced strong first quarter 2023 results, with global comparable sales up 12.6% and consolidated revenues increasing by 4%. The company's performance reflects the success of its 'Accelerating the Arches' strategy and a focus on operational excellence.
Global comparable sales increased by 12.6%, driven by strategic menu price increases and positive traffic growth.
Consolidated revenues increased by 4% (8% in constant currencies).
Diluted earnings per share increased by 66% to $2.45.
Digital Systemwide sales in the top six markets reached nearly $7.5 billion, representing almost 40% of their Systemwide sales.
Forward Guidance
This release contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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