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Dec 31, 2020
McDonald's Q4 2020 Earnings Report
McDonald's experienced a challenging yet inspiring Q4 2020, with global comparable sales recovering nearly 99% of Q4 2019 levels and U.S. comparable sales showing positive growth.
Key Takeaways
McDonald's Q4 2020 results reflect a recovery towards pre-pandemic performance, driven by strong U.S. sales offsetting declines in international markets. The company's strategic investments in marketing and digital presence contributed to positive comparable sales in the U.S., while COVID-19 related restrictions impacted international markets.
Global comparable sales decreased by 1.3%, showing improvement from previous quarters.
U.S. comparable sales increased by 5.5%, driven by strong average check growth and successful marketing initiatives.
International markets experienced negative comparable sales due to COVID-19 resurgences and related restrictions.
Consolidated revenues decreased by 2% (3% in constant currencies), while operating income decreased by 7% (9% in constant currencies).
Forward Guidance
The company expects some restrictions in various markets so long as the COVID-19 pandemic continues.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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