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The company reported global same-store sales rose 11.7%, more than the 9.4% expected by analysts. US same-store sales rose 10.3%, more than the 9.1% forecast by Wall Street.
For the full fiscal year, sales in the US jumped 8.7%. In its internationally operated markets, Q4 same-store sales increased 4.4%, down from the 12.6% growth McDonald's saw a year ago.
Comps surged to new highs in the second quarter, but it was due to higher prices and product mix, not more customers coming to the restaurant.
In the 1970s, McDonald's expanded internationally and still has locations in several countries around the globe. McDonald's operates as one of the largest private employers in the world. Their current CEO is Christopher J. Kempczinski. Their revenue hits about $26 billion every year. [2] McDonald's logo since 2018
Global same-store sales growth was 1.9% year over year, compared to the 2.33% jump that Wall Street was hoping for. That's also far lower than the 12.6% increase seen in 2023 Q1. ... McDonald's US ...
By shifting strategies, Skinner and his team were able to increase McDonald's total sales, increasing from $50.1 billion in 2004 to $70.1 billion in 2008. [8] Skinner retired as Vice Chairman and Chief Executive Officer on June 30, 2012 after 41 years with McDonald's. [9] In 2012, he received total annual compensation of $27,741,408. [10]
McDonald's beat expectations for its third quarter results as the burger chain continues to investigate an E. coli outbreak.On Tuesday morning, the company posted revenue of $6.87 billion, up 3% ...
Year-to-date McDonald's stock is up more than 10% against a 7% gain for the S&P 500. ... Same-store sales in McDonald's international markets also rose 12.6% during the quarter.