McDonald's Beats Net Estimates for Q4
Jan 24th 2013 1:10PM
Updated Jan 24th 2013 2:45PM
McDonald's posted Q4 and full-year 2012 results yesterday. The former exceeded market expectations, with the company posting a net profit of $1.4 billion ($1.38 per share), slightly higher than the $1.38 billion ($1.33 EPS) it netted in the same quarter the previous year.
Revenue for the quarter rose by 2% to $6.95 billion. The average analyst estimates for this most recent period anticipated $1.33 EPS on revenue of $6.89 billion.
For the full year, top line came in at $27.6 billion and net profit was $5.4 billion. This represented a 2% increase and a 1% decrease, respectively, on an annual basis.
Going forward, the company quoted CEO Don Thompson as saying "As we begin the new year, our average annual long-term targets in constant currency remain intact: Systemwide sales growth of 3% to 5%, operating income growth of 6% to 7%, and return on incremental invested capital in the high teens. We believe these targets remain realistic and sustainable for a company of our size and maturity."
The article McDonald's Beats Net Estimates for Q4 originally appeared on Fool.com.Fool contributor Eric Volkman has no position in McDonald's. The Motley Fool recommends McDonald's. The Motley Fool owns shares of McDonald's. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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