McDonald’s Cruises Past Estimates (MCD)
January 24, 2012 by Paul AusickFast food giant McDonald’s Corp. (NYSE: MCD) better than matched expectations this morning when it reported fourth quarter and full-year results. For the quarter, the company posted EPS of $1.33 on revenue of $6.8 billion. The consensus estimates had called for EPS of $1.30 on revenue of $6.8 billion.
For 2012, the company plans to open another 1,300 stores as part of its planned $2.9 billion in capital spending. The new stores account for about half the spending, with the other half earmarked for “re-imaging” about 2,400 existing stores.
The company noted that same-store sales in the US were the highest since 2006. Globally, same-store sales rose 5.6% for the year, and global revenues reached a record high of $27 billion.
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.