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McDonald's
🇺🇸 NYSE:MCD
•
Dec 31, 2024

McDonald's Q4 2024 Earnings Report

Key Takeaways

McDonald's reported Q4 2024 results with flat consolidated revenues at $6.39 billion. Operating income increased by 2% to $2.87 billion, while net income slightly declined by 1% to $2.02 billion. Adjusted EPS came in at $2.83, down 4% from last year.

Total Revenue
$6.39B
Previous year: $6.41B
-0.3%
EPS
$2.83
Previous year: $2.95
-4.1%
Global Comparable Sales Growth
0.4%
Previous year: 3.4%
-88.2%
Franchised Restaurant Revenue
$3.96B
Previous year: $3.87B
+2.3%
Company-Owned Restaurant Revenue
$2.31B
Previous year: $2.47B
-6.6%
Gross Profit
$3.54B
Previous year: $3.56B
-0.6%
Cash and Equivalents
$1.09B
Previous year: $4.58B
-76.3%
Free Cash Flow
$1.82B
Previous year: $1.73B
+5.3%
Total Assets
$55.2B
Previous year: $56.1B
-1.7%

McDonald's Revenue

McDonald's EPS

McDonald's Revenue by Segment

McDonald's Revenue by Geographic Location

Forward Guidance

McDonald's aims to enhance customer engagement through loyalty programs and menu innovation while focusing on cost control and efficiency improvements.

Positive Outlook

  • Growth in loyalty program revenue, reaching $8 billion in Q4.
  • Continued expansion of franchised restaurant revenue.
  • Operational efficiencies improving operating income margin.
  • Positive comparable sales growth in international markets.
  • Continued menu innovation and marketing initiatives.

Challenges Ahead

  • Decline in U.S. comparable sales by 1.4%.
  • Flat overall revenue growth in Q4.
  • Restructuring costs impacted overall earnings.
  • Increased costs leading to lower net income.
  • Higher interest expenses and tax rates reducing profitability.

Revenue & Expenses

Visualization of income flow from segment revenue to net income