McDonald's shares jump on fourth-quarter earnings, same-store sales beat
McDonald's Corp. shares are up 2.7% in premarket trading and are expected to open at an all-time high after the fast-food giant said it beat on both fourth-quarter earnings and same-store sales. McDonald's said it had net income of $1.21 billion, or $1.31 per share, for the fourth quarter, up from $1.1 billion, or $1.13 per share, in 2014. The FactSet consensus was $1.23. Sales for the quarter totaled $6.34 billion, up from $6.57 billion the year before. The FactSet consensus was $6.24 billion. Global same-store sales were up 5% for the quarter, beating the FactSet consensus of 3.2%. In the U.S., same-store sales were up 5.7%, which the company attributed largely to the October all-day breakfast launch, alongside unseasonably mild weather. McDonald's shares are up 32.2% for the past 12 months while the S&P is down 7% for the same period.
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