McDonald’s Corporation today announced results for the fourth quarter and year ended December 31, 2023.
Fourth quarter financial performance:
- Global comparable sales increased 3.4%, reflecting positive comparable sales across all segments:
- U.S. increased 4.3%
- International Operated Markets segment increased 4.4%
- International Developmental Licensed Markets segment increased 0.7%, reflecting the impact of the war in the Middle East
- Consolidated revenues increased 8% (6% in constant currencies).
- Systemwide sales increased 6% (5% in constant currencies).
- Consolidated operating income increased 8% (6% in constant currencies).
- Diluted earnings per share was $2.80, an increase of 8% (5% in constant currencies).
Full year financial performance:
- Global comparable sales increased 9.0%, reflecting strong comparable sales across all segments:
- U.S. increased 8.7%
- International Operated Markets segment increased 9.2%
- International Developmental Licensed Markets segment increased 9.4%
- Consolidated revenues increased 10% (10% in constant currencies).
- Systemwide sales increased 10% (10% in constant currencies).
- Consolidated operating income increased 24% (24% in constant currencies).
- Diluted earnings per share was $11.56, an increase of 39% (38% in constant currencies).
