McDonald’s Corporation Stock Falls Despite Earnings Beat

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McDonald’s Corporation Stock Falls Despite Earnings Beat
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McDonald’s Corporation (NYSE:MCD) released its Q4 2017 earnings report before opening bell this morning. McDonald’s earnings came in at $1.71 per share on $5.3 billion in revenue. Analysts had been expecting earnings of $1.59 per share on $5.2 billion in sales. In the year-ago quarter, the fast food chain reported $6 billion in revenue.

McDonald’s earnings results driven by strong same store sales

On a GAAP basis, McDonald’s earnings came in at 87 cents per share, including a charge which amounted to 84 cents per share in connection with the tax reform bill. In the year-ago quarter, the company posted earnings of $1.44 per share.

McDonald’s said comparable store sales grew 5.5% year over year in Q4, which beat the consensus of a 4.9% increase. Systemwide sales grew 8% in constant currencies. U.S. comparable sales grew 4.5% year over year, driven by strong core menu performance for the McPick 2 platform and beverage value options. Customers also responded strongly to the Buttermilk Crispy Tenders and delivery option.

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