Originally published at www.seclive.com
McDonald's Corp. (NYSE:MCD) announced its fourth quarter and full fiscal year 2013 earnings, reporting flat quarterly earnings from a year ago. The company's revenue increased 2% from a year ago to $7.09B, falling short of analyst expectations of $7.14B. Earnings were $1.4B and $1.40 per share, beating analyst predictions by $0.01. For the full fiscal year, McDonald's revenue climbed 2% to $28.1B while earnings improved 4% to $5.6B and $5.55 per share. McDonald's comparable-store sales declined 1.4% in the U.S. while the Asia/Pacific, Middle East and Africa region saw a 2.4% decline in comparable-store sales for the quarter. CEO Don Thompson said the company is moving forward into 2014 with a focus on growth, achieved through menu optimizations and a better customer experience.
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