earnings
confidence high
sentiment neutral
materiality 0.75
McDonald's Q1: Global comps +1.9%, EPS $2.66, revenue $6.17B (+5%)
MCDONALDS CORP
2024-Q1 EPS reported
$2.66
revenue$6,169,000,000
- Global comparable sales +1.9% (13th consecutive positive quarter); U.S. +2.5%, Int'l Operated Markets +2.7%, Int'l Dev Licensed Markets -0.2% (hit by Middle East war).
- Diluted EPS $2.66 (+9%); adjusted EPS $2.70 (+2% constant currency); restructuring charges $35M vs $180M prior year.
- Revenue $6.17B (+5% reported, +4% constant currency); operating income $2.74B (+8%).
- War in Middle East impacted Q1 EPS by ~$0.05-$0.06; FY 2024 outlook: D&A $1.6-1.7B, capex $2.5-2.7B, effective tax rate 20-22%.