McDonald's Q1 2024 Earnings Report
Key Takeaways
McDonald's Corporation reported positive results for the first quarter ended March 31, 2024, with global comparable sales increasing by 1.9% and consolidated revenues growing by 5% (4% in constant currencies). The company's performance was driven by strategic menu price increases, effective marketing, and digital growth.
Global comparable sales increased by 1.9%, marking 13 consecutive quarters of positive growth.
Consolidated revenues increased by 5% (4% in constant currencies), reaching more than $6 billion.
Systemwide sales to loyalty members were nearly $25 billion for the trailing twelve-month period and over $6 billion for the quarter.
Diluted earnings per share increased by 9% (9% in constant currencies) to $2.66.
McDonald's
McDonald's
McDonald's Revenue by Segment
Forward Guidance
McDonald's remains focused on leveraging its competitive advantages and growing QSR market share to drive long-term growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income