Fastfood giant McDonald’s has reported earnings per share of US$1.00 for the fourth quarter, as it had forecast.
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The fourth-quarter earnings include $0.61 per share of income from continuing operations, representing a 30% increase compared with last year. Total earnings per share included a gain of $0.39 per share related to the disposal of the company’s stake in Chipotle Mexican Grill.
Company-operated and franchised restaurant margins improved in all geographic segments for the fourth consecutive quarter, the company said, as quarterly operating income rose by 21% to $1.12bn.
Sales rose by 11% for the fourth quarter to US$5.63bn, on the back of a 6.3% increase in global comparable sales.
Operating income for the full year reached $4.4bn, up by 11%, while net income for the year rose by 36% to $3.54bn.
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By GlobalData
