McDonald's Reports Growth In Fourth Quarter 2012

Jan. 24, 2013
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McDonald's Corp. recently announced results for the fourth quarter and year ended Dec. 31, 2012, reflecting higher revenues, operating income and earnings per share compared with the prior year.

McDonald's U.S. generated positive comparable sales and operating income results for the year despite ongoing economic and competitive pressures. Fourth quarter comparable sales increased 0.3 percent and operating income was relatively flat against strong prior year results. During the quarter, the U.S. focused on enhancing its value leadership position by balancing strong everyday value messaging with affordable and compelling premium menu options.

Don Thompson, chief executive officer said in a prepared statement, "As we begin the new year, our average annual long-term targets in constant currency remain intact: Systemwide sales growth of 3 to 5 percent, operating income growth of 6 to 7 percent, and return on incremental invested capital in the high teens. We believe these targets remain realistic and sustainable for a company of our size and maturity. In 2013, we plan to invest about $3.2 billion of capital to open between 1,500 to 1,600 new McDonald's restaurants and to reinvest in our existing locations, including reimaging more than 1,600 locations worldwide. We are confident that now is an opportune time to invest in our restaurant portfolio in ways that will yield value for all stakeholders in the future."