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UPDATE: McDonalds Corp. (MCD) Tops Q4 EPS by 5c

January 23, 2013 7:59 AM EST Send to a Friend
(Updated - January 23, 2013 8:03 AM EST)

McDonalds Corp. (NYSE: MCD) reported Q4 EPS of $1.38, $0.05 better than the analyst estimate of $1.33 and up 4% from last year. Revenue for the quarter came in at $6.95 billion versus the consensus estimate of $6.89 billion and last year's revenue of $6.82 billion.

Q4 global comps up 0.1%, versus an expected 0.3% decline.

Looking ahead, the company comments:
"As we begin the new year, our average annual long-term targets in constant currency remain intact: Systemwide sales growth of 3% to 5%, operating income growth of 6% to 7%, and return on incremental invested capital in the high teens. We believe these targets remain realistic and sustainable for a company of our size and maturity. In 2013, we plan to invest about $3.2 billion of capital to open between 1,500 - 1,600 new McDonald's restaurants and to reinvest in our existing locations, including reimaging more than 1,600 locations worldwide. We are confident that now is an opportune time to invest in our restaurant portfolio in ways that will yield value for all stakeholders in the future."

For earnings history and earnings-related data on McDonalds Corp. (MCD) click here.




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