NYSE$MCD
McDonald's · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
McDonald's reported strong Q4 2023 results driven by global comparable sales growth and strategic menu price increases.
McDonald's Corporation announced its Q4 and full year 2023 results, with global comparable sales increasing by 3.4% in the fourth quarter and 9% for the full year. The company's performance was driven by strong execution of its Accelerating the Arches strategy and positive comparable sales across all segments.
- Global comparable sales increased by 3.4% in Q4, reflecting positive sales across all segments.
- Consolidated revenues increased by 8% (6% in constant currencies).
- Diluted earnings per share was $2.80, an increase of 8% (5% in constant currencies).
- Systemwide sales to loyalty members were over $6 billion across 50 loyalty markets.
Headline financials
Revenue & EPS history
McDonald's · Revenue · Quarterly
$6.41B
Revenue by segment
McDonald's · $2.3B total across 1 segment · Q1 2022
- Company-Owned Restaurants$2.3B—100.0%
Forward guidance
McDonald's anticipates macro challenges will persist in 2024 and remains confident in the resilience of its business.
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 Q4 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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