McDonald's Full Year 2024 Earnings: EPS Misses Expectations

McDonald's (NYSE:MCD) Full Year 2024 Results

Key Financial Results

• Revenue: US$25.9b (up 1.7% from FY 2023).
• Net income: US$8.22b (down 2.9% from FY 2023).
• Profit margin: 32% (down from 33% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$11.45 (down from US$11.64 in FY 2023).

MCD Sales Performance and Store Count

• Same store sales growth: Down 0.1% vs FY 2023.
• Total stores: 43,477 (up by 1,655 from FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

McDonald's EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with McDonald's.

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