US fastfood giant McDonald’s has posted a net profit in the fourth quarter of 2003, versus a year-earlier loss.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The company reported net income of US$125.7m for the fourth quarter to 31 December, compared to a loss of $343.8m in the year-ago quarter.


Fourth-quarter revenue was $4.56bn, compared to $3.90bn a year earlier, while comparable sales rose 7.4%.


For the full year 2003, the company posted net income of $1.47bn, compared to $893.5m in the previous year. Revenues rose to $17.14bn from $15.41bn a year earlier.


CEO Jim Cantalupo said the company would continue with its “revitalisation” plan during 2004.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

“In 2004, improving operations at each of our existing restaurants will remain our top priority. As a result, we will spend more on reimaging restaurants, while opening a similar number of units in 2004 as in 2003,” Cantalupo said.


McDonald’s also announced that senior chairman Fred Turner has announced his retirement after 48 years with the company.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now