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Dec 31, 2023
McDonald's Q4 2023 Earnings Report
McDonald's reported strong Q4 2023 results driven by global comparable sales growth and strategic menu price increases.
Key Takeaways
McDonald's Corporation announced its Q4 and full year 2023 results, with global comparable sales increasing by 3.4% in the fourth quarter and 9% for the full year. The company's performance was driven by strong execution of its Accelerating the Arches strategy and positive comparable sales across all segments.
Global comparable sales increased by 3.4% in Q4, reflecting positive sales across all segments.
Consolidated revenues increased by 8% (6% in constant currencies).
Diluted earnings per share was $2.80, an increase of 8% (5% in constant currencies).
Systemwide sales to loyalty members were over $6 billion across 50 loyalty markets.
Forward Guidance
McDonald's anticipates macro challenges will persist in 2024 and remains confident in the resilience of its business.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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