RSS   Newsletter   Contact   Advertise with us

McDonald's Q4 consolidated operating income decreases 20%

Share on Twitter Share on LinkedIn
Staff writer ▼ | January 23, 2015
McDonald's Corporation announced results for the fourth quarter and year ended December 31, 2014.
McDonald's
Bad quarter   Loss of sales and income
"2014 was a challenging year for McDonald's around the world. Our results declined as unforeseen events and weak operating performance pressured results in each of our geographic segments," said McDonald's President and Chief Executive Officer Don Thompson.

Full year results included:

Diluted earnings per share of $4.82 decreased 13% (11% in constant currencies).
Global comparable sales decrease of 1%, reflecting negative guest traffic in all major segments. Consolidated revenues decrease of 2% (flat in constant currencies). Consolidated operating income decrease of 9% (8% in constant currencies), primarily due to the impact of the supplier issue in APMEA (Asia/Pacific, Middle East and Africa) and weak operating performance in the U.S.

Effective tax rate of 35.5%, primarily due to an increase in reserves related to certain foreign tax matters. Diluted earnings per share of $4.82 decreased 13% (11% in constant currencies).

Fourth quarter results included:

Global comparable sales decrease of 0.9%, reflecting negative guest traffic in all major segments. Consolidated revenues decrease of 7% (1% in constant currencies). Consolidated operating income decrease of 20% (15% in constant currencies), primarily due to weak operating performance in the U.S. and the impact of the supplier issue in APMEA.

Diluted earnings per share of $1.13, a decrease of 19% (14% in constant currencies), which includes a negative impact of $0.09 per share due to the supplier issue in APMEA. Returned $1.8 billion to shareholders through dividends and share repurchases


 

MORE INSIDE POST