MCD - Burger Giant McDonald's Q4 International Revenue Lags Due To Middle East Tensions Although Higher Menu Prices Help Top Line | Benzinga
McDonald’s Corporation (NYSE:MCD) reported mixed quarterly results on Monday, with fourth quarter 2023 adjusted EPS of $2.95, beating the consensus of $2.82.
Sales of $6.41 billion, up 8% Y/Y (6% in constant currencies), fell slightly short of the consensus of $6.45 billion.
The fast-food giant said its U.S. same-store sales rose 4.3% in the fourth quarter and 3.4% worldwide.
Menu price hikes, marketing campaigns, and continued digital and delivery growth contributed to strong comparable sales results.
The international developmental licensed markets segment saw its same-store sales increase just 0.7%. McDonald’s said the division’s sales lagged due to ...