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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 Comp Sales Growth
0.4%
Previous year: 3.4%
-88.2%
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

McDonald's

McDonald's Revenue by Segment

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