McDonald’s: Reports Third Quarter 2022 Results

Chicago / IL. (mdc) McDonald’s Corporation announced results for the third quarter ended September 30, 2022. «Our Q3-2022 performance demonstrated broad-based business momentum as global comparable sales increased nearly 10 percent. I remain confident in our «Accelerating the Arches» strategy as our teams around the world continue to execute at a high level,» said McDonald’s President and Chief Executive Officer, Chris Kempczinski. «As the macroeconomic landscape continues to evolve and uncertainties persist, we are operating from a position of competitive strength. I also want to thank our franchisees, who have done a tremendous job navigating this environment, while providing great value to our customers.»

Third quarter financial performance

  • Global comparable sales up 9.5 percent, reflecting positive comparable sales across all segments:
    • Domestic U.S. market increased 6.1 percent
    • International Operated Markets segment increased 8.5 percent
    • International Developmental Licensed Markets segment increased 16.7 percent
  • Consolidated revenues decreased 5 percent (increased 2 percent in constant currencies).
  • Systemwide sales increased 2 percent (9 percent in constant currencies).
  • Consolidated operating income decreased 7 percent (increased percent in constant currencies). Excluding USD 106 million of prior year gains related to the sale of McDonald’s Japan stock, consolidated operating income decreased 4 percent (increased 4 percent in constant currencies).
  • Diluted earnings per share was USD 2.68, a decrease of 6 percent (flat in constant currencies). Excluding the prior year gains described above of USD 0.10 per share, diluted earnings per share decreased 3 percent (increased 4 percent in constant currencies).
  • The Company declared a 10 percent increase in its quarterly cash dividend to USD 1.52 per share.

For additional information please read the company’s PDF file below (182 KB).

20221031-MDC-Q3-2022
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