McDonald‘s reported better-than-expected sales and earnings during the fourth quarter, as its value promotions and new menu items drew in more customers.
Here’s what McDonald‘s reported compared with what Wall Street was expecting, based on a Thomson Reuters survey of analysts:
- Adjusted earnings per share of $1.71, compared with a forecast profit of $1.59.
- Revenue was $5.34 billion, versus an estimate of $5.22 billion.
- Same-store sales in the U.S. climbed 4.5 percent, better than the expected 4.3 percent growth.
“2017 was a strong year for McDonald‘s as customers responded to the many ways we are making their experience more convenient and enjoyable,” CEO Steve Easterbrook said in a statement. “We served more customers more often, achieved our best comparable sales performance in six years, gained share in markets around the world and made tremendous progress with growth platforms such as delivery, mobile order and pay and Experience of the Future.”