McDonald's Corp

MCD

Equity

ISIN US5801351017 / Valor 950605

New York Stock Exchange, Inc (2024-12-26)

USD 294.80+0.28%

McDonald's Corp
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About company

McDonald's Corp is an American fast-food restaurant chain that serves millions of customers worldwide every day. Founded in San Bernardino, California, the company has grown into an iconic brand known for its commitment to quality, service, cleanliness, and value. With over 65 years of experience in the industry, McDonald's has established itself as a trusted favorite among consumers.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

In the third quarter of 2024, McDonald's Corp reported consolidated revenues of nearly $6.9 billion, marking a 3% increase compared to the previous year. This growth was 2% when adjusted for constant currencies, indicating a positive trend in the company's revenue generation.

Systemwide Sales

McDonald's Corp's systemwide sales to loyalty members reached over $28 billion for the trailing twelve-month period, with nearly $8 billion recorded for the third quarter of 2024. This reflects the company's strong engagement with its loyalty program across approximately 50 markets.

Comparable Sales Performance

During the third quarter of 2024, McDonald's Corp experienced a global comparable sales decrease of 1.5%. The U.S. market saw a slight increase of 0.3%, while the International Operated Markets and International Developmental Licensed Markets segments faced declines of 2.1% and 3.5%, respectively.

Operating Income and Earnings

McDonald's Corp's consolidated operating income for the third quarter of 2024 decreased by 1%, impacted by pre-tax transaction costs and restructuring charges. However, excluding these charges, the operating income showed a 2% increase. Diluted earnings per share were $3.13, a 1% decrease, but adjusted earnings per share increased by 1% to $3.23.

Dividend Increase

In the third quarter of 2024, McDonald's Corp declared a 6% increase in its quarterly cash dividend, raising it to $1.77 per share. This decision reflects the company's commitment to returning value to its shareholders despite the challenging economic environment.

Summarized from source with an LLMView Source

Key figures

0.66%1Y

10.8%3Y

49.6%5Y

Performance

17.8%1Y

17.5%3Y

23.4%5Y

Volatility