MCDONALD’S CORPORATION Reports Second Quarter FY2023 Earnings Results on June 30 2023
August 18, 2023
🌥️Earnings Overview
MCDONALD’S CORPORATION ($NYSE:MCD) reported total revenue of USD 6.5 billion for the second quarter of FY2023, ending July 27 2023, representing a 13.6% year-over-year increase. Net income for the quarter was USD 2.3 billion, rising 94.1% from the same period a year prior. The financial results were reported on June 30 2023.
Market Price
On Thursday, June 30th 2023, MCDONALD’S CORPORATION, one of the world’s leading quick-service restaurant companies, reported its second quarter FY2023 earnings results. The stock opened at $292.0 and closed at $295.2, up 1.2% from its prior closing price of $291.8. This increase is attributed to the company’s strong performance for the quarter with year-over-year growth for both revenue and earnings. In addition to its strong quarterly performance, MCDONALD’S CORPORATION announced plans to expand its businesses and open more restaurants across the globe as part of its strategic growth plan.
Overall, these positive results demonstrate MCDONALD’S CORPORATION’s successful execution of its strategy and commitment to long-term growth and profitability. Investors are encouraged by the strong performance and are looking forward to continued success from MCDONALD’S CORPORATION in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mcdonald’s Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 24.19k | 8k | 33.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mcdonald’s Corporation. More…
| Operations | Investing | Financing |
| 7.67k | -2.68k | -6.58k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mcdonald’s Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 52.01k | 57.79k | -7.91 |
Key Ratios Snapshot
Some of the financial key ratios for Mcdonald’s Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.2% | 14.4% | 46.5% |
| FCF Margin | ROE | ROA |
| 23.4% | -121.7% | 13.5% |
Analysis
At GoodWhale, we have conducted an analysis of MCDONALD’S CORPORATION‘s wellbeing, and based on our Risk Rating, we have determined that MCDONALD’S CORPORATION is a medium risk investment in terms of both financial and business aspects. Furthermore, our analyses have revealed two risk warnings in MCDONALD’S CORPORATION’s cashflow statement, which are non-financial in nature. For more information about these risks, we invite you to visit our website, goodwhale.com, and register to access the full report. More…
Peers
McDonald’s Corp is the world’s largest restaurant chain by revenue, serving over 69 million customers daily in over 100 countries across 37,855 outlets as of 2018. The company was founded in 1940 as a barbecue restaurant operated by Richard and Maurice McDonald. In 1948, they introduced the Speedee Service System, a precursor to the modern fast-food restaurant. The company rapidly expanded worldwide in the 1960s, opening restaurants in Europe, Asia, and Africa. By the early 1980s, McDonald’s had become the largest restaurant chain in the world.
Today, McDonald’s competes with major fast-food chains such as Domino’s Pizza Inc, Starbucks Corp, and The Wendy’s Co. While McDonald’s still dominates the industry, its competitors have been steadily gaining market share in recent years.
– Domino’s Pizza Inc ($NYSE:DPZ)
Domino’s Pizza Inc is a publicly traded company with a market capitalization of $11.45 billion as of 2022. The company has a return on equity of -11.44%. Domino’s Pizza is a pizza restaurant chain that operates in more than 70 countries. The company was founded in 1960 and is headquartered in Ann Arbor, Michigan.
– Starbucks Corp ($NASDAQ:SBUX)
Starbucks Corporation is an American coffee company and coffeehouse chain. Starbucks was founded in Seattle, Washington in 1971. As of early 2019, the company operates over 30,000 locations worldwide. The company’s market capitalization is 100.42B as of early 2019. The company’s return on equity is -52.08%. Starbucks Corporation is a publicly traded company, with its common stock listed on the Nasdaq Global Select Market under the symbol “SBUX”.
Starbucks is the world’s largest coffeehouse chain, as well as the second largest restaurant chain after McDonald’s, with over 30,000 stores in more than 70 countries. The company sells coffee, tea, pastries, and snacks. Starbucks offers a variety of hot and cold beverages, including whole-bean coffee, microground instant coffee, espresso, teas, and juices. The company also offers food items, such as breakfast sandwiches, salads, soups, pasta, paninis, pastries, and snacks.
– The Wendy’s Co ($NASDAQ:WEN)
The Wendy’s Company is an American holding company for the fast-food chain Wendy’s. As of December 31, 2019, Wendy’s was the world’s third-largest hamburger fast-food chain with 6,711 locations, following Burger King and McDonald’s. Only about 60 percent of its restaurants are owned and operated by Wendy’s franchisees, with the remaining owned and operated by the company.
The Wendy’s Company has a market capitalization of $4.28 billion as of 2022. The company’s return on equity is 61.14%. Wendy’s is the world’s third-largest hamburger fast-food chain with 6,711 locations. The company operates in the United States and Canada.
Summary
McDonald’s Corporation reported strong second quarter results with total revenues reaching USD 6.5 billion, a 13.6% increase from the prior year. Net income also saw a major jump, up 94.1% to USD 2.3 billion. These strong results reflect the success of McDonald’s financial strategies and investments.
With its strong financial performance, McDonald’s appears to be well-positioned to continue its growth and success into the future. Investors should consider adding McDonald’s to their portfolios due to its strong revenue and income figures, as well as its commitment to innovation and sustainability.
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