McDonald’s restaurant in Omahi, Nebraska, October 2, 2024.
Mario Tama | Getty Images
McDonald’s on Monday reported Disappointed quarterly revenue, withdrawn by weaker sales than expected in their restaurants in the US after E. Coli epidemic only for weeks in a quarter.
The company’s shares have fallen less than 1% in the Pre -Rickni store.
Here’s what the company reported compared to what Wall Street expected, based on research by LSEG analysts:
- Earnings per share: $ 2.83 adapted, expected meetings
- Revenue: A $ 6.39 billion is expected compared to $ 6.44 billion
Giant fast food reported a net revenue in the fourth quarter of $ 2.02 billion, or $ 2.80 per share, which is a drop of $ 2.04 billion, or $ 2.80 per share, a year earlier.
With the exception of gains related to the sale of his South Korean business, the transaction costs to buy his Israeli franchise and other items, McDonald’s earned $ 2,83 per share.
A net sale of $ 6.39 billion was roughly flat compared to the period of the year.
Total sales growth in the same store of 0.4% exceeded Wall Street expectations on sales drop in the same store of 1%, according to Straetaccount estimates.
But McDonald’s American job reported a steep sales drop in the same store. The sale of the same stores at domestic restaurants fell in a quarter of 1.4%; Wall Street projected sales drop in the same store of 0.6%.
McDonald’s said traffic was a little positive, but customers spent less than usual during the quarter. In the summer, the chain threw out a combined $ 5 combined meal to restore prices of conscious dinner and vice versa sales. The strategy functioned, helping McDonald’s US sale at the same store in the third quarter. However, analysts warned that meals valuable values only work if customers also add menu items that have not been reduced to their orders.
The biggest hit at McDonalds’ sale in the United States arrived at the end of October, when the centers for the control and prevention of the disease connected the fatal epidemic E. coli with their Quarterus burgers. McDonald’s shifted suppliers for his sliced onions, the ingredient scored with his finger as a probable culprit for the epidemic. In early December, the CDC declared the epidemic officially over.
However, in the days after the news of the epidemic, traffic on McDonald’s US restaurant has fallen steep, especially in the affected countries.
Outside the US, the sale was stronger. Both international McDonald divisions have reported on sales growth in the same store, enhancing the total effects of the company.
The social international market segment, which includes the Middle East and Japan, reported on sales growth in the same store of 4.1%.
McDonald’s International operated on the market department, which includes some of its largest markets, reported on sales growth in the same store of 0.1%. The company said most markets have reported on sales growth in the same store, but the United Kingdom and some other markets have noted that the sale of the same store is reduced in a quarter.
