McDonald’s Corporation reported weaker-than-expected fourth-quarter earnings and revenue early Monday. Despite this, the company’s global same-store sales exceeded expectations. As a result, McDonald’s stock rose, clearing an early buy point.
For the fourth quarter of 2024, McDonald’s reported a decline in earnings per share (EPS) by 4% compared to the same period last year, standing at $2.83 per share. Revenue also decreased by 0.3%, reaching $6.39 billion. The decline was attributed to an E.coli outbreak.
However, McDonald’s global same-store sales outperformed expectations. This positive development suggests that the company’s underlying business remains resilient despite the current challenges. The improvement in same-store sales has boosted investor confidence, causing McDonald’s stock price to rise and clear an early buy point.
Source: https://www.investors.com/news/mcdonalds-stock-mcdonalds-earnings-q4-2024-mcd