Mcdonald’s Q4 Earnings
McDonald’s ($MCD@US) reported fourth-quarter earnings that beat Wall Street estimates as traffic to its restaurants increased for the second consecutive quarter. The fast food chain’s earnings per share were $2.59 versus the $2.45 expected, and its revenue was $5.93 billion versus $6.68 billion. Inflation is driving customers to trade down from full-service restaurants to fast-food chains. The company also noted the success of its McRib promotion, which labeled the limited-time item’s annual return as its “farewell tour.” McDonald’s shares dropped 1 percent in premarket trading.
UP NEXT
UP NEXT
-
Cox signs bills offering millions in tax cuts
KSTU FOX 13 Salt Lake City, UT
-
How a NewsChannel 5 alum has made his way to bigger stages
WTVF Nashville, TN
-
Some lawmakers worry TikTok is a national security threat
Scripps News
-
Blight to boarding house: Affordable housing part of EBURD plan
KTVQ Billings, MT
-
Lightning Round: Reliance is good, Nucor's better
CNBC
-
Cramer thinks On Holding is one of the best growth stories out there and here's why
CNBC
-
Fed delivers small rate hike amid banking turmoil
Reuters
-
Lawmakers debating bill that could use taxpayers money to send students to private schools
CBS Dallas -
Women's History Month: Dr. Sylvia Wilson
WTMJ Milwaukee, WI
-
Doggy daycare at Robstown Early College High School offers learning opportunity
KRIS Corpus Christi, TX
-
Inside Wisconsin's biggest construction project: Wisconsin Center's $456M expansion
WTMJ Milwaukee, WI
-
The market had been sailing higher until Yellen's comments, says Cramer
CNBC
-
City of Lorain, Port Authority seeking proposals to develop 3 waterfront sites
WEWS Cleveland, OH
-
Recent bank runs make Fed less worried about future inflation
CNBC
-
Drug shortages rise to the level of national security concern
CBS News