McDonald’s earnings missed by $0.07, revenue fell short of estimates
- McDonald's reported Q4 2024 earnings of $6.39 billion, missing analyst expectations of $6.45 billion, and adjusted earnings per share fell to $2.83, below the expected $2.85.
- The fast-food chain's U.S. Same-store sales decreased by 1.4% amid rising competition and changing consumer preferences, while global same-store sales increased by 0.4%.
- CEO Chris Kempczinski stated that the strategy 'Accelerating the Arches' aims for 250 million loyalty members and $45 billion in annual sales by 2027.
- Despite a 30% increase in sales to loyalty program members, McDonald's net income declined to $2.02 billion from $2.04 billion the previous year.
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28 Articles
28 Articles
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Center
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Total News Sources28
Leaning Left4Leaning Right2Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
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