McDonald's (NYSE: MCD) reported Q4 EPS of $2.08, $0.12 better than the analyst estimate of $1.96. Revenue for the quarter came in at $5.35 billion versus the consensus estimate of $5.3 billion.

• Strong global comparable sales growth of 5.9% demonstrated broad-based strength with increases in the International Operated segment of 6.2%, the U.S. of 5.1%, and the International Developmental Licensed segment of 6.6%.
• Consolidated revenues increased 4% (4% in constant currencies).
• Systemwide sales increased 6% (7% in constant currencies).
• Consolidated operating income increased 15% (16% in constant currencies), reflecting $140 million of prior year impairment charges. Excluding these charges, operating income increased 7% (9% in constant currencies).
• Diluted earnings per share of $2.08 increased 14% (15% in constant currencies). Results for the fourth quarter 2019 included $0.11 per share of income tax benefit due to new regulations issued in the fourth quarter 2019 related to the Tax Cuts and Jobs Act of 2017 ("Tax Act"). Excluding this item, diluted earnings per share was $1.97.**

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