McDonald’s Q4 earnings beat estimates, boosted by higher menu prices, digital sales

McDonald’s (MCD) posted fourth-quarter earnings results Tuesday morning that beat expectations, with same-store sales boosted by increased higher menu prices, guest counts, and marketing efforts.

In the year ahead, the company expects inflation pressures to continue as it looks to open new restaurants coming off a year that saw global comparable-store sales rise 10.9%, with U.S. comps rising 5.9%.

Here are the company’s key metrics, compared to Wall Street expectations compiled by Bloomberg:

Revenue: $5.93 billion versus $5.75 billion expected

Adjusted earnings per share: $2.59 versus $2.44 expected

U.S. same-store sales: 10.3% versus 7.62% expected

International operated markets same-store sales: 12.6% versus 7.56%

“Our ‘Accelerating the Arches’ strategy is driving growth and building brand strength, delivering exceptional full-year performance in 2022 with over 10% comparable sales growth and 5% comparable guest count growth globally,” McDonald’s CEO and president Chris Kempczinski said…

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