Source: courtesy of McDonald's
For the full year, McDonald’s reported EPS of $5.36 on revenues of $27.57 billion, compared with $5.27 per share on revenues of $27.01 billion a year ago. The consensus estimates called for EPS of $5.31 on $27.5 billion in revenues.
The company’s CEO said:
McDonald’s continued to grow by remaining focused on what matters most to our customers, although our results reflect the impact of the challenging global operating, economic and competitive environment.
U.S. same-store sales rose 0.3% in the quarter and sales in Europe decreased by 0.6%. Asia/Pacific, Middle East, and Africa (APMEA) same-store sales fell by 1.7% in the quarter. These are the metrics that really count, and McDonald’s did not perform well here.
McDonald’s reiterated its annual forecast for global sales growth of 3% to 5%, operating income growth of 6% to 7%, and return on incremental invested capital in the “high teens.” The company plans to spend $3.2 billion in 2013 to open 1,500 to 1,600 new stores and remodel at least another 1,600.
The consensus forecast for the first quarter calls for EPS of $1.26 on revenues of $6.69 billion. The current full-year forecast calls for EPS of $5.78 on revenues of $28.9 billion.
McDonald’s shares are up about 0.7% in premarket trading this morning, at $93.60 in a 52-week range is $83.31 to $102.22. Thomson Reuters had a consensus analyst price target of around $97.40 before today’s report. That target price has dropped by about $3 a share since the end of the third quarter.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
