McDonald's Corporation (NYSE:MCD ) Q4 2024 Earnings Conference Call February 10, 2025 8:30 AM ET Company Participants Scott Meader - Interim Treasurer Chris Kempczinski - Chairman and CEO Ian Borden - CFO Conference Call Participants Dennis Geiger - UBS David Palmer - Evercore David Tarantino - Baird Sara Senatore - Bank of America Brian Harbour - Morgan Stanley Lauren Silberman - Deutsche Bank John Ivankoe - JPMorgan Eric Gonzalez - KeyBanc Andrew Charles - TD Cowen Jon Tower - Citi Jeff Bernstein - Barclays Operator Hello, and welcome to McDonald's Fourth Quarter 2024 Investor Conference Call. At the request of McDonald's Corporation, this conference is being recorded.
McDonald's reported its worst US sales loss since the pandemic after an E. coli outbreak spooked customers, and cash-strapped consumers spent less at the restaurant.
MCD's fourth-quarter U.S. comps sales are hurt by a decline in average checks, though this is partially offset by a slight increase in comparable guest counts.
Today the markets have gone on offense despite the renewed focus on tariffs, with all three of the broader stock market indices trading in the green.
Although the revenue and EPS for McDonald's (MCD) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
McDonald's global same-store sales climbed 0.4% in the fourth quarter, despite a drop of 1.4% in the US. An E. coli outbreak in the US scared customers away halting some momentum.
Sara Senatore, Bank of America Securities senior restaurants analyst, joins 'Squawk Box' to break down McDonald's quarterly earnings results.
Shares of McDonald's Corp (NYSE:MCD) are higher before the bell, last seen up $1.44 at $298.55.
McDonald's (MCD) came out with quarterly earnings of $2.83 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $2.95 per share a year ago.
The E-Coli outbreak at McDonald's (MCD) hurt the company's revenue, but the stock is still higher ahead of the opening bell on Monday. The company said foot traffic was slightly higher, but customers were spending less than usual.
Iconic fast-food restaurant chain McDonald's (MCD -0.02%) reported fourth-quarter and full-year 2024 earnings results on Monday, Feb. 10, that fell short of analysts' consensus estimates for revenue and earnings. Revenue reached $6.39 billion, missing the expected $6.45 billion and slightly declining from $6.41 billion in the same period last year.
Fast-food giant's adjusted profit misses analysts' consensus estimate.