McDonald’s (MCD) reported a stronger-than-expected Q1 2023, with sales rising 9% year-over-year to $6.51 billion, surpassing estimates of $6.48 billion. Global comparable sales increased nearly 4%, with significant contributions from markets including the U.K. and Australia. U.S. comparable sales also rose by about 4%, supported by higher customer traffic.
Net income increased 6% to $1.98 billion, yielding an adjusted EPS of $2.83, exceeding projections of $2.74. Systemwide sales rose 11% to over $34 billion. McDonald’s plans to open 2,600 new restaurants globally in 2023, with capital expenditures anticipated between $3.7 billion and $3.9 billion.
Despite a challenging macroeconomic environment, McDonald’s maintains a strategic margin focus, expecting FY26 operating margins to be in the mid to high 40% range. The company is nearing Dividend King status, boasting a current yield of 2.62% after a 6% dividend increase.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
