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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • McDonald's Earnings Remain Flat 0 comments
    Jan 23, 2014 11:35 AM | about stocks: MCD

    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.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: MCD
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