McDonald's earnings miss expectations

McDonald's Corp. MCD, -3.89% reported fourth-quarter net income of $1.38 billion, or $1.84 per share, down from $1.57 billion, or $2.08 per share, last year. Adjusted EPS fell 14% year-over-year to $1.70, below the FactSet consensus for $1.77. Revenue was $5.313 billion, down from $5.428 billion and also below the FactSet consensus of $5.362 billion. Global comparable sales were in line with the FactSet consensus for a 1.3% decline. U.S.

comparable sales rose 5.5%. The fast-food giant said key international markets were impacted by capacity and operating hour restrictions due to COVID-19, which has carried into 2021. The company recorded $30 million in restaurant closing costs for the quarter. McDonald's stock slipped 0.6% in Thursday premarket trading, and is down 1.6% over the past year. The Dow Jones Industrial Average DJIA, -2.05% is up 5.5% over the last 12 months.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Traders on which travel stock they’re backing as Expedia reports earningsExpedia declined after missing on quarterly earnings expectations. Two traders weigh in on the stock and whether Airbnb is the better bet. TradingNation ABNB TradingNation $ava TradingNation $Ava travalacom
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Walmart shares fall on earnings miss, retailer sees sales growth slowing in coming year'Walmart in many respects does set the standard and we will see how this will affect retail more broadly,' Jefferies analyst Stephanie Wissink says about the company's wage hike. She breaks down Walmart's quarterly earnings miss.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »