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  • 22 hours ago
McDonald’s topped earnings estimates with strong global sales and customer traffic, driven by its value-focused strategy, though shares dipped slightly.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02McDonald's reported fourth quarter earnings of $3.12 per share on revenue of $7.01 billion,
00:09beating street estimates, according to Benzinga Pro.
00:12Revenue rose from $6.39 billion in the prior year.
00:16Global comparable sales increased 5.7% in the quarter,
00:20with positive guest counts and growth across all segments.
00:24Full-year global system-wide sales rose 7% to over $139 billion.
00:30CEO Chris Kempksinski said McDonald's value strategy is driving results.
00:34He said the company improved traffic and affordability scores,
00:38which led to an 8% increase in global system-wide sales
00:41and strong comparable sales growth across all segments in the quarter.
00:45Shares fell by 0.85% at $323.21 at Wednesday's close, according to Benzinga Pro.
00:54For all things money, visit Benzinga.com.
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