PR Newswire
CHICAGO, April 28, 2022
CHICAGO, April 28, 2022 /PRNewswire/ -- McDonald's Corporation today announced results for the first quarter ended March 31, 2022.
"In a quarter that saw an increasingly complex and uncertain operating environment, I am proud to share that once again the Arches have shone brightly," said McDonald's President and Chief Executive Officer, Chris Kempczinski. "Our strong performance in the first quarter was underpinned by global comparable sales up nearly 12%, reflecting broad-based momentum across all segments. In most of our major markets, we sustained QSR traffic share gains by focusing on elevating our brand, accelerating digital channels and showcasing our core equities of chicken and beef. By staying on the side of the consumer and executing our strategy, Accelerating the Arches, we have continued to drive growth. It is why I believe there has never been a better time to be part of brand McDonald's."
First quarter financial performance:
Impact of Russia-Ukraine Military Conflict:
During the first quarter of 2022, McDonald's announced it was temporarily suspending operations and closing restaurants in Russia and Ukraine. The temporary closures were effective at the end of February in Ukraine and mid-March in Russia. The Company is supporting its businesses in these markets through the continuation of employee salaries and lease payments as well as providing support to the Company's supply chain in the region.
*Refer to page 4 for a definition of Systemwide sales. |
COMPARABLE SALES | ||||||||||||||
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| | Increase/(Decrease) | ||||||||||||
| | Quarters Ended March 31, | ||||||||||||
| | 2022 | | 2021 | ||||||||||
U.S. | | 3.5% | | 13.6% | ||||||||||
International Operated Markets | | 20.4 | | 0.6 | ||||||||||
International Developmental Licensed Markets & Corporate | | 14.7 | | 6.4 | ||||||||||
Total | | 11.8% | | 7.5% |
KEY FINANCIAL METRICS - CONSOLIDATED | ||||||||||||||||||||||||||||||||
Dollars in millions, except per share data | ||||||||||||||||||||||||||||||||
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| Quarters Ended March 31, | | ||||||||||||||||||||||||||||||
| 2022 | | 2021 | | Inc/ (Dec) | | | Inc/ (Dec) | | | ||||||||||||||||||||||
Revenues | $ | 5,665.6 | | | $ | 5,124.6 | | | 11% | | 14% | | ||||||||||||||||||||
Operating income | 2,312.6 | | | 2,281.3 | | | 1 | | 3 | | ||||||||||||||||||||||
Net income | 1,104.4 | | | 1,537.2 | | | (28) | | (27) | | ||||||||||||||||||||||
Earnings per share-diluted | $ | 1.48 | | | $ | 2.05 | | | (28)% | | (27)% | |
Results for the quarter reflected strong operating performance driven by higher sales-driven restaurant margins, led by the International Operated Markets segment.
Results for 2022 included the following:
Results for 2021 included the following:
NET INCOME AND EARNINGS PER SHARE-DILUTED RECONCILIATION | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Quarters Ended March 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Income | | | Earnings per share - diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2022 | | 2021 | | Inc/ (Dec) | | | Inc/ (Dec) | | | 2022 | | 2021 | | Inc/ (Dec) | | Inc/ (Dec) | | ||||||||||||||||||||||||||||||||||||||
GAAP | $ | 1,104.4 | | | $ | 1,537.2 | | | (28)% | | (27)% | | $ | 1.48 | | | $ | 2.05 | | | (28)% | (27)% | ||||||||||||||||||||||||||||||||||
Strategic (gains)/charges | 102.1 | | | (98.9) | | | | | | | | | 0.13 | | | (0.13) | | | | | | | ||||||||||||||||||||||||||||||||||
Settlement reserve | 500.0 | | | — | | | | | | | | | 0.67 | | | — | | | | | | | ||||||||||||||||||||||||||||||||||
Non-GAAP | $ Werbung Mehr Nachrichten zur McDonald's Corp. Aktie kostenlos abonnieren
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