McDonald's Corporation announced Monday that its revenue in the fourth quarter of fiscal 2024 came in at $6.39 billion, decreasing a 0.2% year-on-year and landing below analysts' forecasts. In the three months ending December 31, net income fell 1% to land at $2 billion while diluted earnings per share were unchanged on an annual basis, coming in at $2.80.
For the full 2024, revenue increased 2% to $25.9 billion, net income dropped 3% to $8.2 billion and EPS decreased 1% to $11.39.
"Accelerating the Arches continues to be the right strategy as we focus on growing market share … We’re playing to win, focusing on our customers with outstanding value, exciting menu innovation and culturally relevant marketing," CEO and Chairman Chris Kempczinski commented. The company's shares gained 1.44% in the premarket after results to sell at $298.55 apiece.
