LONDON (ShareCast) - (Sharecast News) - Fast food giant McDonald's reported quarterly earnings that just fell short of expectations on Monday as revenues dropped on the back of a decline in same-store sales in the US.
McDonald's said Q4 revenues fell 0.28% to $6.39bn, falling short of expectations for a reading of $6.45bn, with a 1.4% in US same-store sales offsetting a 0.4% increase in global same-store sales. Adjusted earnings per share of $2.80 also missed estimates of $2.84 per share.

For the year as a whole, McDonald's said revenues came to $25.92bn and adjusted earnings per share were $11.39 each, also shy of estimates of $25.99bn and $11.74 per share, respectively. Net income fell 1% to $2.02bn in Q4 and was down 3% for FY24 at $8.22bn.

As of 1325 GMT, McDonald's shares were up 2.48% in pre-market trading at $301.59 each.









Reporting by Iain Gilbert at Sharecast.com

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