McDonald's Corporation Reports Fourth Quarter and Full Year 2024 Results

McDonald's Corporation, the world's leading global foodservice retailer with over 43,000 locations in over 100 countries, has released its financial results for the fourth quarter and full year ending December 31, 2024. The company continues to focus on its "Accelerating the Arches" strategy, aiming to grow market share through customer-centric initiatives. Financial Highlights For the fourth quarter of 2024, McDonald's reported global comparable sales growth of 0.4%, with a slight decline in the U.S. market offset by growth in international markets. Consolidated revenues remained flat at $6.39 billion, while diluted earnings per share (EPS) were stable at $2.80. For the full year, global comparable sales decreased by 0.1%, with consolidated revenues increasing by 2% to $25.92 billion. Full-year diluted EPS decreased by 1% to $11.39. Business and Operational Highlights McDonald's achieved global systemwide sales of over $130 billion for the full year, with $30 billion attributed to loyalty members. The company reported 175 million active loyalty users across 60 markets by year-end, reflecting a 15% increase over the prior year. The U.S. market saw a 1.4% decline in comparable sales for the quarter, while international markets showed mixed results, with notable growth in the Middle East and Japan. Strategic Initiatives and Corporate Developments McDonald's incurred $221 million in pre-tax restructuring charges related to its "Accelerating the Organization" initiative, aimed at modernizing its operations. Additionally, the company reported net pre-tax charges of $70 million for the year, primarily associated with property sales and transaction costs. McDonald's also continued its share buyback program, purchasing $2.82 billion in treasury stock and paying $4.87 billion in dividends. Management's Perspective Chairman and CEO Chris Kempczinski emphasized the effectiveness of the "Accelerating the Arches" strategy, highlighting the company's focus on delivering outstanding value, innovative menu options, and culturally relevant marketing. Kempczinski noted the importance of growing market share and maintaining customer loyalty as key drivers of McDonald's performance. Future Outlook Looking ahead, McDonald's management remains optimistic about the company's growth prospects, driven by continued investment in digital and delivery services, menu innovation, and customer engagement initiatives. The company plans to further expand its loyalty programs and enhance its operational efficiency to sustain long-term growth.SEC Filing: MCDONALDS CORP [ MCD ] - 8-K - Feb. 10, 2025