McDonald’s (NYSE:MCD) reports global comparable-store sales increased 5.5% in Q4 vs. +4.5% consensus.
Total sales were up 8% during the quarter on a constant currency basis.
The restaurant chain reported positive traffic in all regions.
Comparable-store sales increased 4.5% in the U.S. to match the consensus estimate. Core menu items, the McPick 2 platform and beverage promotions boosted sales.
International Lead Markets segment comparable-store sales were up 6.0% vs. +5.0% expected, while comparable sales increased 4.0% in the High Growth Markets segment vs. +3.6% expected.
“Our development plans also include the opening of about 1,000 new McDonald’s restaurants, 75% of which will be funded by our expanded network of developmental licensees and affiliates around the world,” says CFO Kevin Ozan.