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Dec 31, 2021

McDonald's Q4 2021 Earnings Report

McDonald's reported strong Q4 2021 results, driven by global comparable sales growth and strategic menu price increases.

Key Takeaways

McDonald's Corporation announced positive results for the fourth quarter and year ended December 31, 2021. Global comparable sales increased by 12.3%, and consolidated revenues increased by 13%. Diluted earnings per share was $2.18, an increase of 18%.

Global comparable sales increased 12.3% (10.8% on a 2-year basis), with positive comparable sales across all segments.

U.S. comparable sales increased 7.5% (13.4% on a 2-year basis), benefiting from strategic menu price increases and strong menu and marketing promotions.

International Operated Markets segment increased 16.8% (8.2% on a 2-year basis), driven by strong operating performance and fewer restaurant closures.

International Developmental Licensed Markets segment increased 14.2% (10.1% on a 2-year basis), with strong comparable sales across the segment, partly offset by negative comparable sales in China.

Total Revenue
$6.01B
Previous year: $5.31B
+13.1%
EPS
$2.23
Previous year: $1.7
+31.2%
Global Comp Sales Growth
12.3%
Previous year: -1.3%
-1046.2%
Gross Profit
$3.26B
Previous year: $2.78B
+17.3%
Cash and Equivalents
$4.71B
Previous year: $3.45B
+36.5%
Free Cash Flow
$7.1B
Previous year: $1.53B
+364.2%
Total Assets
$53.6B
Previous year: $52.6B
+1.9%

McDonald's

McDonald's

McDonald's Revenue by Segment

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.

Revenue & Expenses

Visualization of income flow from segment revenue to net income