NYSE$MCD

McDonald's · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

McDonald's Q1 2022 earnings reflected an increasingly complex and uncertain operating environment.

McDonald's Corporation announced strong first-quarter results, with global comparable sales increasing by nearly 12%. Despite challenges from the Russia-Ukraine military conflict, the company saw growth across all segments, driven by strategic menu price increases, strong marketing, and digital channel growth.

  • Global comparable sales increased nearly 12%, reflecting broad-based momentum across all segments.
  • Digital Systemwide sales exceeded $5 billion, representing over 30% of total Systemwide sales in the Company's top six markets.
  • U.S. comparable sales increased 3.5%, driven by strategic menu price increases and growth in digital channels.
  • International Operated Markets segment increased 20.4%, driven by strong comparable sales in France and the U.K.

Headline financials

Total Revenue

$5.67B

Previous: $5.12B+10.6%
EPS (adj)

$2.28

Previous: $1.92+18.7%
Capital Expenditures

-$401M

Previous: -$369M-8.8%
Free Cash Flow

$703M

Previous: $1.17B-39.8%
Net Income

$1.1B

Previous: $1.54B-28.2%
Operating Income

$2.31B

Previous: $2.28B+1.4%
Gross Profit

$5.08B

Previous: $4.55B+11.6%
Cash & Equivalents

$2.34B

Previous: $3.02B-22.7%
Total Assets

$50.9B

Previous: $51.1B-0.4%
Stock-Based Comp

$54.3M

Previous: $27.3M+98.9%

Revenue & EPS history

McDonald's · Revenue · Quarterly

$5.67B

Q1 2022+10.6%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

McDonald's · $2.3B total across 1 segment · Q1 2022

  • Company-Owned Restaurants
    $2.3B

Forward guidance

This release contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.3%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.1%

Avg return

30 days after

53%

39 / 73 earnings

Positive

+9.8%

Q3 2015

Best reaction

-6.2%

Q2 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%-3.2%-1.5%
Q4 2025+2.7%+1.4%+1.0%
Q3 2025+2.3%-0.0%+4.0%
Q2 2025+3.0%+1.9%+5.2%
Q1 2025-1.9%-0.9%-1.8%
Q4 2024+4.8%+4.8%+1.7%
Q3 2024-1.8%-0.5%-0.6%
Q2 2024+5.7%+9.8%+13.9%
Q1 2024+0.3%-1.2%-7.9%
Q4 2023-4.2%-2.6%-1.4%
Q3 2023+2.5%+4.7%+9.6%
Q2 2023+0.8%-0.2%-2.5%
Q1 2023-1.2%+0.9%-2.6%
Q4 2022-1.7%-2.5%-1.2%
Q3 2022+7.0%+6.4%+7.2%
Q2 2022+3.4%+5.2%+4.9%
Q1 2022+0.8%-0.5%+1.9%
Q4 2021+2.5%+3.7%-0.2%
Q3 2021+3.8%+6.0%+5.7%
Q2 2021-0.9%-2.5%-3.6%
Q1 2021+1.6%+0.6%+0.6%
Q4 2020+0.4%+1.3%-0.4%
Q3 2020-1.5%-1.5%-3.6%
Q2 2020-2.5%-3.5%+5.4%
Q1 2020-2.7%-4.6%-0.8%
Q4 2019+2.8%+2.3%-7.7%
Q3 2019-5.1%-7.3%-8.3%
Q2 2019+0.3%-1.7%+0.1%
Q1 2019-1.5%+0.2%+1.1%
Q4 2018-1.9%-2.5%+1.6%
Q3 2018+6.4%+4.0%+9.7%
Q2 2018-0.9%-0.8%+0.3%
Q1 2018+3.2%+4.3%+2.2%
Q4 2017-3.7%-4.7%-12.4%
Q3 2017+0.1%+1.3%+3.5%
Q2 2017+3.1%+2.6%+4.3%
Q1 2017+4.9%+4.2%+11.6%
Q4 2016-1.0%+0.5%+4.6%
Q3 2016+2.7%+1.4%+8.5%
Q2 2016-6.2%-7.7%-9.4%
Q1 2016+1.3%
Q4 2015+1.7%
Q3 2015+9.8%
Q2 2015-1.5%
Q1 2015+2.2%
Q4 2014-0.2%
Q3 2014-0.7%
Q2 2014-2.3%
Q1 2014-0.5%
Q4 2013-0.5%
Q3 2013-0.1%
Q2 2013-3.5%
Q1 2013-2.5%
Q4 2012+0.4%
Q3 2012-4.7%
Q2 2012-3.8%
Q1 2012-0.1%
Q4 2011-0.4%
Q3 2011+1.7%
Q2 2011-2.6%
Q1 2011+0.2%
Q4 2010+0.6%
Q3 2010+0.2%
Q2 2010+1.5%
Q1 2009-3.8%
Q1 2010+0.5%
Q4 2007-0.6%
Q4 2009-0.6%
Q3 2008+2.4%
Q3 2009+2.4%
Q2 2009+0.2%
Q4 2008+0.2%
Q2 2008+0.2%

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