MCD - McDonald's Q4: Solid Quarter But Stock Maybe Close To A Top
2024-02-05 11:23:18 ET
Summary
- McDonald's Corporation has now beaten EPS estimates for 8 consecutive quarters, while also showing a 10% YoY increase in revenue.
- The company reports a 25% YoY jump in operating income and a reduction in shares outstanding, saving $55 million annually.
- Free Cash Flow jumps 32% YoY, providing a comfortable payout ratio of 67%, but comparable sales in developing international markets lag behind.
- I rate McDonald's stock a "Weak Buy" and would warn against going all-in right now.
McDonald's Corporation ( MCD ) has just released its Q4 and FY 2023 earnings, as Seeking Alpha has covered here . EPS beat estimates, while revenue missed. The market hasn't made up its mind how to react yet, as the stock was initially up 1% but is now down about 1% as I write this....
McDonald's Q4: Solid Quarter But Stock Maybe Close To A Top