McDonald's Sales Fall Short As Middle East Tensions Flare - But Price Hikes Rescue The Growth Story
Portfolio Pulse from Vandana Singh
McDonald's Corporation (NYSE:MCD) reported mixed Q4 2023 results with adjusted EPS of $2.95, beating consensus but sales of $6.41 billion fell short. U.S. same-store sales rose 4.3%, with worldwide growth at 3.4%. International sales were impacted by Middle East tensions, particularly in the developmental licensed markets segment. The company's loyalty program and digital growth contributed positively, while charges related to software write-offs and restructuring impacted operating income.
February 05, 2024 | 1:29 pm
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McDonald's Q4 2023 results showed mixed performance with EPS beating expectations but sales slightly missing. U.S. and worldwide same-store sales grew, but international sales were affected by Middle East tensions. Charges related to software write-offs and restructuring were noted.
The mixed Q4 results with a beat on EPS but a miss on sales could lead to short-term uncertainty in stock performance. Growth in U.S. and global same-store sales indicates strength, but international challenges and financial charges may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100