Yahoo Finance McDonald's just had its best year of sales growth since 2011
McDonald’s (MCD) had another healthy quarter of sales.
Worldwide comparable store sales climbed 2.7%, which was stronger than the 1.4% gain expected by analysts. In the US comparable store sale declined by 1.3%, which wasn’t as bad as the 1.4% decline expected.
McDonald’s is facing difficult comparisons now that its hugely successful All Day Breakfast offering — which launched in Q4 of 2015 — has been available for a full year.
For the quarter, the fast food chain reported revenue of $6.03 billion, which was a bit stronger than the $5.99 billion expected by analysts. This led to earnings of $1.44 per share, which was also ahead of expectations for $1.41.
“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,” CEO Steve Easterbrook said. “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.”
Below is a look at the company’s stock performance over the past two years.
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Sam Ro is managing editor at Yahoo Finance.
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