McDonald's Corporation (MCD)

Sector: Consumer Discretionary|Industry: Restaurants|Market Cap: $212.19B|Employees: 150K


McDonald's Corporation is a global franchisor and operator of restaurants, offering a menu of food and beverages. The company operates in over 100 countries with a heavily franchised business model, which is designed to generate stable and predictable revenue. McDonald's competes in the informal eating out segment, focusing on price, convenience, service, and menu variety.

  1. Filings

Filing Highlights

Financial Performance

Total revenues increased by 3% to $6.873B for the quarter and 2% to $19.532B for the nine months, driven by a 1% increase in company-owned restaurant sales and a 1% increase in franchised revenues. However, currency translation negatively impacted results, with constant currency growth at 2% for the quarter and 2% for the nine months.

Operating income decreased by 1% to $3.188B for the quarter and was flat at $8.844B for the nine months. Operating margin was 45.3% for the quarter and 45.3% for the nine months, with the decrease primarily due to inflationary pressures and investments in digital and technology.

Net income decreased by 3% to $2.255B for the quarter and 3% to $6.207B for the nine months, with diluted EPS at $3.13 and $8.59, respectively. These decreases were impacted by restructuring charges related to Accelerating the Organization and transaction costs associated with the sale of McDonald's business in South Korea and the acquisition of McDonald's business in Israel.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG initiatives

Market Environment