Wow! McDonald’s (MCD) Hasn’t Done This Since 2011

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McDonald’s just released its Q4 earnings and the company really impressed Wall Street.

Worldwide comparable store sales for the fast food giant climbed 2.7%, which came in higher than what analysts had expected at 1.4%.

This was the best year of sales for the fast food chain since 2011.

Comparable store sales in the US declined by 1.3% still beating expectations of 1.4%.

Earnings of $1.44 per share was also better than what analysts had expected at $1.41, and revenue of $6.03 billion came way ahead of the $5.99 billion expected.

McDonald’s CEO Steve Easterbrook commented, “Our efforts yielded a more streamlined and focused organization that generated solid fourth quarter and full year results, including our strongest annual global comparable sales growth since 2011 along with record franchisee cash flows in many of our major markets.”

“I am confident that we’re on the right path as we pursue our goal of being recognized by our customers as the modern, progressive burger company.”

Disclaimer: We have no position in McDonald’s Corporation (NYSE: MCD) and have not been compensated for this article.