McDonald’s net income, revenue rise in Q4
Oak Brook, Ill. – McDonald’s Corporation reported small increases in consolidated net income and revenues for both the fourth quarter and full fiscal year 2013, compared to the same periods a year earlier. During the fourth quarter, McDonald’s net income rose fractionally to $1.397 billion from $1.396 billion and revenues grew 2% to $7.09 billion from $6.95 billion.
During the full fiscal year, consolidated net income rose 2% to $5.58 billion from $5.46 billion and revenues also increased 2% to $28.1 billion from $27.6 billion. Global same-store sales decreased 0.1% in the fourth quarter, reflecting higher average check and negative same-guest counts, but rose 0.2% for the full year, reflecting higher average check and negative comparable guest counts.
In the U.S., same-store sales fell 1.4% in the fourth quarter. Looking ahead, the segment is intent on optimizing current initiatives by strengthening its focus on menu choice, customer engagement and operations excellence to drive sales and profitability
"While 2013 was a challenging year, we begin 2014 with a renewed focus on the global growth priorities that are most impactful to our customers,” said McDonald's president and CEO Don Thompson. “At McDonald's, delivering a consistent customer-focused restaurant experience continues to be our top priority."