PR Newswire
CHICAGO, Jan. 29, 2020
CHICAGO, Jan. 29, 2020 /PRNewswire/ -- McDonald's Corporation today announced results for the fourth quarter and year ended December 31, 2019.
"2019 marked a year of significant milestones for McDonald's - including surpassing $100 billion in Systemwide sales and achieving our highest global comparable sales growth in over a decade," said McDonald's President and Chief Executive Officer Chris Kempczinski. "Through the execution of our Velocity Growth Plan, we once again served more customers the food they crave, marking three consecutive years of global comparable guest count growth."
Fourth quarter highlights:
Full year highlights:
The Company returned $2.3 billion to shareholders through share repurchases and dividends in the fourth quarter and $8.6 billion for the full year, marking successful achievement of the Company's targeted return of $25 billion for the three-year period ended 2019.
On January 23, 2020, McDonald's Board of Directors declared a quarterly cash dividend of $1.25 per share of common stock payable on March 16, 2020 to shareholders of record at the close of business on March 2, 2020.
* Refer to page 4 for a definition of Systemwide sales. |
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** Refer to page 3 for additional details. |
"In 2019, we completed our three-year cash return to shareholders target of $25 billion. This was a significant achievement given our substantial investments in Experience of the Future and technology," said Kevin Ozan, McDonald's Chief Financial Officer. "Our Velocity Growth Plan helped produce strong operating performance over the past several years, and our underlying financial strength continues to build long-term value for our shareholders. As we begin 2020, we remain committed to our capital allocation philosophy to reinvest in the business to drive profitable growth and return all free cash flow to shareholders through a combination of dividends and share repurchases."
Kempczinski concluded, "The broad-based momentum around the world continues to demonstrate the strength of the Velocity Growth Plan and the dedication of millions of global crew members executing that plan in McDonald's restaurants each and every day. As we look to 2020, we will continue to deliver delicious food and optimize our investments as we further transform the experience for our customers through added convenience and digital engagement."
KEY HIGHLIGHTS - CONSOLIDATED | ||||||||||||||||||||||||||||
Dollars in millions, except per share data | ||||||||||||||||||||||||||||
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| Quarters Ended December 31, | | Years Ended December 31, | |||||||||||||||||||||||||
| 2019 | 2018 | Inc/ (Dec) | Inc/ (Dec) Excluding Currency Translation | | 2019 | 2018 | Inc/ (Dec) | Inc/ (Dec) Excluding Currency Translation | |||||||||||||||||||
Revenues | $ | 5,349.0 | $ | 5,163.0 | 4% | 4% | | $ | 21,076.5 | $ | 21,025.2 | 0% | 3% | |||||||||||||||
Operating income | 2,292.6 | 1,999.5 | 15 | 16 | | 9,069.8 | 8,822.6 | 3 | 6 | |||||||||||||||||||
Net income* | 1,572.2 | 1,415.3 | 11 | 12 | | 6,025.4 | 5,924.3 | 2 | 4 | |||||||||||||||||||
Earnings per share-diluted* | $ | 2.08 | $ | 1.82 | 14% | 15% | | $ | 7.88 | $ | 7.54 | 5% | 7% | |||||||||||||||
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* See below for additional details. |
Results for the quarter and year reflected stronger operating performance primarily due to an increase in sales-driven franchised margin dollars, partly offset by higher G&A spend. Results for the year also reflected lower gains on sales of restaurant businesses, mostly in the U.S.
Foreign currency translation had a negative impact of $0.02 and $0.21 on diluted earnings per share for the quarter and year, respectively.
Outlined below is additional information for the quarter and full year:
EARNINGS PER SHARE-DILUTED RECONCILIATION | ||||||||||||||||||||||||||||
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| Quarters Ended December 31, | | Years Ended December 31, | |||||||||||||||||||||||||
| 2019 | | 2018 | | Inc/ (Dec) | | Inc/ (Dec) Excluding Currency Translation | | 2019 | | 2018 | | Inc/ (Dec) | | Inc/ (Dec) Excluding Currency Translation | |||||||||||||
GAAP earnings per share-diluted | $ | 2.08 | | $ | 1.82 Werbung Mehr Nachrichten zur McDonald's Corp. Aktie kostenlos abonnieren
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