McDonald's Q4 2023 Adj EPS $2.95 Beats $2.82 Estimate
Portfolio Pulse from Benzinga Newsdesk
McDonald's reported Q4 2023 adjusted earnings per share (EPS) of $2.95, surpassing the analyst consensus estimate of $2.82 by 4.61%. However, their quarterly sales of $6.41 billion fell short of the expected $6.45 billion by 0.68%, despite being an 8.09% increase from the previous year.
February 05, 2024 | 12:01 pm
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McDonald's Q4 2023 earnings beat EPS estimates but missed on sales forecasts, showing mixed financial performance.
The EPS beat could positively impact investor sentiment, indicating operational efficiency and profitability. However, the slight miss in sales forecasts could temper enthusiasm, suggesting potential challenges in revenue growth. The mixed results present a neutral short-term outlook for MCD's stock price, as the positive EPS news may be offset by the slight disappointment in sales.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100