McDonald's Q4 Profit Down; U.S. Comps. Up 5.5%
OAK BROOK (dpa-AFX) - McDonald's Corp. (MCD) Thursday reported a profit for the fourth-quarter that declined 12 percent from last year, reflecting sales declines in the International Operated Markets and International Developmental Licensed Markets segments as a result of COVID-19 resurgences and government restrictions. The result were partly offset by stronger operating performance in the U.S. due to higher sales-driven restaurant margins. Quarterly revenues decreased 2 percent. Global comparable for the quarter sales declined 1.3 percent.
The company reported that its net income for the fourth-quarter decreased 12 percent to $1.38 billion or $1.84 per share from $1.57 billion or $2.08 per share in the previous year.