McDonald's said operating income for Q1 2024 rose 8% and diluted earnings per share rose 9% to $2.66. Pre-tax charges were $35 million ($180 million in the prior year). Excluding these charges, operating income increased 2%.

1. 01

   McDonald's said operating income for Q1 2024 rose 8% and diluted earnings per share rose 9% to $2.66. Pre-tax charges were $35 million ($180 million in the prior year). Excluding these charges, operating income increased 2%.

2. 02

   The company said global comparable sales rose 1.9% in Q1. U.S. comparable sales increased 2.5%, International Operated Markets increased 2.7%, and International Developmental Licensed Markets decreased 0.2%.

3. 03

   The company said the war in the Middle East is affecting Systemwide sales and revenue, mainly in the International Developmental Licensed Markets & Corporate segment. It expects this impact to continue as long as the war continues.

4. 04

   The company said it generated $2.4 billion of operating cash flow in Q1, exceeding capital expenditures of $1.8 billion. During the same quarter, it paid a dividend of $1.67 ($1.2 billion) per share and repurchased 3.2 million shares for $921 million.

Key figures

Quarter ended March 31, 2024

Revenue

$6.2B

Operating income

$2.7B

Net income

$1.9B

EPS

$2.66

Operating cash flow

$2.4B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.