McDonald's announced its Q4 2024 earnings of $6.39 billion, which fell short of analysts' expectations of $6.45 billion. Adjusted earnings per share also dropped to $2.83, lower than the anticipated $2.85.
In the U.S., the fast-food chain experienced a 1.4% decline in same-store sales due to heightened competition and evolving consumer preferences. However, on a global scale, same-store sales saw a slight increase of 0.4%.
CEO Chris Kempczinski unveiled the 'Accelerating the Arches' strategy targeting 250 million loyalty members and $45 billion in annual sales by 2027. Despite a 30% surge in sales among loyalty program members, McDonald's net income decreased to $2.02 billion from $2.04 billion compared to the prior year.