Stock Monitor: Brinker Intl. Post Earnings Reporting
LONDON, UK / ACCESSWIRE / February 08, 2018 / Active-Investors.com has just released a free earnings report on McDonald's Corp. (NYSE: MCD). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=MCD. McDonald posted its fourth quarter fiscal 2017 (Q4 FY17) financial results on January 30, 2018. The leading fast food chain operators' earnings and revenues surpassed market expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is currently working on the research report for Brinker International, Inc. (NYSE: EAT), which also belongs to the Services sector as the Company McDonald's. Do not miss out and become a member today for free to access this upcoming report at:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, McDonald's most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/'symbol=MCD
Earnings Highlights and Summary
During the fourth quarter of the fiscal year 2017, McDonald's posted net sales of $5.34 billion compared to $6.03 billion in Q4 FY16, reflecting a decrease of 11.42%. Sales decline was attributed to the strong impact of refranchising in US, China and Hong Kong. The Company's revenue numbers beat analysts' estimates of $5.26 billion.
For full fiscal year 2017, the Company's revenue was $22.82 billion, decreasing 7.32% compared to $24.62 billion in the previous fiscal year.
The Company's operating expenses amounted to $3.20 billion in the reported quarter, compared to $4.06 billion in the year ago same period, decreasing 21.8% on a y-o-y basis. McDonald's operating income was $2.14 billion in Q4 FY17 compared to $1.97 billion in Q4 FY16, increasing 8.90% on a y-o-y basis. For full fiscal year 2017, operating income of the Company was $9.55 billion compared to $7.74 billion in the previous year, increasing 23.35%.
McDonald's net income was $0.70 billion in the reported quarter compared to net income of $1.19 billion in Q4 FY16, decreasing 41.45%. The Company's earnings per share (EPS) was $0.87 in Q4 FY17 compared to $1.44 in the fourth quarter of the previous fiscal year, declining 39.58%. The decline was attributed to the recent enactment of the Tax Cuts and Jobs Act, incurring a provisional charge of $1.20 billion in reported quarter.
The Company's adjusted earnings were $1.71 per share in the reported quarter, reflecting a growth of 19.00% on a y-o-y basis. Adjusted earnings numbers beat analysts' estimates of $1.59. For full fiscal year 2017, the Company's net income was $5.40 billion, increasing 10.00%, and the adjusted EPS was $6.66 in 2017, increasing 16.00% on a y-o-y basis.
McDonald's Segment Details
On a geographical basis, McDonald's US region posted net sales of $2.01 billion in Q4 FY17, compared to $2.04 billion in Q4 FY16, decreasing 1.56% on a y-o-y basis. The decrease was due to the impact of refranchising. Comparable guest count was 1.00% in 2017 compared to negative guest count of 2.10% in 2016.
The International Lead Markets posted revenues of $1.91 billion in the reported quarter compared to $1.77 billion in Q4 FY16, increasing 8.03% on a y-o-y basis. The increase was due to the strong performance in UK and Canada, partially offset by impact of refranchising. Comparable guest count was 2.30 in 2017 compared to guest count of 1.50 in 2016.
The High Growth Market segment's sales were $994.70 million in Q4 FY17 compared to $1516.60 million in Q4 FY16, decreasing 34.44%. The decrease was due to the impact of refranchising in China and Hong Kong. Comparable guest count was 1.80 in 2017 compared to negative guest count of 0.80 in 2016.
The Foundational Markets and Corporate segment posted net sales of $426.70 million in the reported quarter compared to $703.90 million in Q4 FY16, decreasing 39.38%. Comparable guest count was 3.30 in 2017 compared to guest count of 1.90 in 2016.
Cash Matters
The Company repurchased $4.1 million of McDonald's shares in 2017 for $660.70 million. On January 25, 2018, the Company paid a quarterly dividend of $1.01 per share, payable on March 15, 2018, to shareholders of record March 01, 2018.
Outlook
For the fiscal year 2018, McDonald's is anticipating its franchised sales and franchised margins to decrease by $50.00 million. The Company expects its effective tax rate between 25.00% to 27.00%.
Stock Performance Snapshot
February 07, 2018 - At Wednesday's closing bell, McDonald's' stock marginally advanced 0.32%, ending the trading session at $165.71.
Volume traded for the day: 4.97 million shares, which was above the 3-month average volume of 3.38 million shares.
Stock performance in the previous six-month period - up 6.96%; and past twelve-month period - up 33.00%
After yesterday's close, McDonald's' market cap was at $136.22 billion.
Price to Earnings (P/E) ratio was at 26.05.
The stock has a dividend yield of 2.44%.
The stock is part of the Services sector, categorized under the Restaurants industry.
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