McDonald's (MCD) Continues Streak with Strong Q4 Numbers
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Price: $273.29 -1.11%
EPS Growth %: +5.0%
Financial Fact:
Earnings per common share-basic: 1.52
Today's EPS Names:
CRMT, REPL, HURC, More
EPS Growth %: +5.0%
Financial Fact:
Earnings per common share-basic: 1.52
Today's EPS Names:
CRMT, REPL, HURC, More
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McDonald's (NYSE: MCD) shares are indicated higher Tuesday following stronger than expected fourth-quarter sales and earnings numbers.
Revenue for the quarter rose 9.8 percent from $6.214 billion last year to $6.823 billion in the recent period. Global comps rose 7.5 percent, with Europe leading the pack at a 7.3 percent increase.
Net income saw an 11 percent pop to $1.377 billion, or $1.33 per share.
"As we begin 2012, we are intensifying our efforts toward the global priorities that represent our greatest opportunities under the Plan to Win – optimizing and evolving our menu, modernizing the customer experience and broadening accessibility to our Brand," commented CEO Jim Skinner. "In 2012, we plan to invest about $2.9 billion of capital – roughly half dedicated to opening more than 1,300 new McDonald's restaurants and the other half allocated to investing in our existing locations, including the reimaging of over 2,400 restaurants."
McDonald's sees January comps up 5.5 percent to 6.5 percent. This is at least the sixth quarter of an EPS beat for McDonald's with earnings topping views by an average of 2.7 percent, according to data from Streetinsider's Earnings Insider section.
Revenue for the quarter rose 9.8 percent from $6.214 billion last year to $6.823 billion in the recent period. Global comps rose 7.5 percent, with Europe leading the pack at a 7.3 percent increase.
Net income saw an 11 percent pop to $1.377 billion, or $1.33 per share.
"As we begin 2012, we are intensifying our efforts toward the global priorities that represent our greatest opportunities under the Plan to Win – optimizing and evolving our menu, modernizing the customer experience and broadening accessibility to our Brand," commented CEO Jim Skinner. "In 2012, we plan to invest about $2.9 billion of capital – roughly half dedicated to opening more than 1,300 new McDonald's restaurants and the other half allocated to investing in our existing locations, including the reimaging of over 2,400 restaurants."
McDonald's sees January comps up 5.5 percent to 6.5 percent. This is at least the sixth quarter of an EPS beat for McDonald's with earnings topping views by an average of 2.7 percent, according to data from Streetinsider's Earnings Insider section.
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