McDonald's Beats Net Estimates for Q4
McDonald's posted Q4 and full-year 2012 results yesterday. The former exceeded market expectations, with the company posting a net profit of $1.4 billion ($1.38 per share), slightly higher than the $1.38 billion ($1.33 EPS) it netted in the same quarter the previous year.
Revenue for the quarter rose by 2% to $6.95 billion. The average analyst estimates for this most recent period anticipated $1.33 EPS on revenue of $6.89 billion.
For the full year, top line came in at $27.6 billion and net profit was $5.4 billion. This represented a 2% increase and a 1% decrease, respectively, on an annual basis.
Going forward, the company quoted CEO Don Thompson as saying "As we begin the new year, our average annual long-term targets in constant currency remain intact: Systemwide sales growth of 3% to 5%, operating income growth of 6% to 7%, 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."
The article McDonald's Beats Net Estimates for Q4 originally appeared on Fool.com.
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