NYSE$MCD
McDonald's · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
McDonald's reported strong Q1 2023 results with comparable sales increasing by 12.6% and diluted earnings per share rising by 66%.
McDonald's Corporation announced strong first quarter 2023 results, with global comparable sales up 12.6% and consolidated revenues increasing by 4%. The company's performance reflects the success of its 'Accelerating the Arches' strategy and a focus on operational excellence.
- Global comparable sales increased by 12.6%, driven by strategic menu price increases and positive traffic growth.
- Consolidated revenues increased by 4% (8% in constant currencies).
- Diluted earnings per share increased by 66% to $2.45.
- Digital Systemwide sales in the top six markets reached nearly $7.5 billion, representing almost 40% of their Systemwide sales.
Headline financials
Revenue & EPS history
McDonald's · Revenue · Quarterly
$5.9B
Revenue by segment
McDonald's · $2.3B total across 1 segment · Q1 2022
- Company-Owned Restaurants$2.3B—100.0%
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. These forward-looking statements involve a number of risks and uncertainties.
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 2023
+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
| Quarter | Report date | Reaction (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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