McDonald’s (NYSE:MCD) is one of the most recognizable brands on the planet and the largest fast food chain in the United States and around the world. Shares of McDonald’s have climbed 10% so far in 2023 as of close on April 20. The stock is up 14% year over year.
Investors can expect to see McDonald’s first quarter fiscal 2023 earnings later this month. The company released its fourth quarter and full year fiscal 2022 earnings on January 31. Should investors feel good about its prospects as we get ready to see how it started fiscal 2023? Let’s jump in.
In Q4 2022, McDonald’s delivered global comparable sales growth of 12% on the back of strong comparable sales across its major segments. Meanwhile, consolidated revenues fell 1% compared to the fourth quarter of fiscal 2021. Moreover, it posted diluted earnings per share of $2.59 – up 19% compared to the previous year.
For the full year, the company achieved global comparable sales growth of 10%. Consolidated revenues were flat in the year-over-year period while system-wide sales delivered 5% growth. Moreover, diluted earnings per share (EPS) plunged 17% from fiscal 2021 to $8.33.
McDonald’s faces challenges in a tough economic climate in fiscal 2023. However, the brand remains dominant at home and abroad in this decade. The stock is still on track for strong earnings growth going forward. Meanwhile, this stock offers a quarterly dividend of $1.52 per share. That represents a 2% yield.
