By Connor Hart
McDonald's reported slightly lower profit and revenue in the fourth quarter, though same-store sales came in ahead of estimates.
The Chicago-based fast-food giant on Monday posted net income of $2.02 billion, or $2.80 a share, compared with $2.04 billion, also $2.80 a share, in the same period last year.
Adjusted per-share earnings came in at $2.83, just below the $2.85 that analysts surveyed by FactSet were expecting.
Revenue fell 0.3% to $6.39 billion. Wall Street analysts were looking for $6.45 billion, according to FactSet.
Global comparable sales, which account for store openings and closings, rose 0.4%, compared with the 1.1% decrease analysts were expecting. In the U.S., same-store sales declined 1.4%
Chief Executive Chris Kempczinski said the chain will continue its focus on growing market share by providing value to customers, developing new menu items and launching culturally-relevant marketing campaigns.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 10, 2025 07:00 ET (12:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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