McDonald’s Q1 Report 2024

“Our global comparable sales growth in the first quarter marks 13 consecutive quarters of positive comparable sales growth with 30% growth over the last 4 years,” said CEO Chris Kempczinski. “As consumers are more discriminating with every dollar that they spend, we will continue to earn their visits by delivering leading, reliable, everyday value and outstanding execution in our restaurants. As we look to the rest of 2024 and beyond, we remain focused on leveraging the competitive advantages within our Accelerating the Arches plan and growing QSR market share to drive long-term growth.”

Highlights

• Global comparable sales increased 1.9%, reflecting positive comparable sales in the U.S. and International Operated Markets segment. Comparable sales in the International Developmental Licensed Markets segment were slightly negative as the segment continued to be impacted by the war in the Middle East:
• U.S. increased 2.5%
• International Operated Markets segment increased 2.7%
• International Developmental Licensed Markets segment decreased 0.2%
• Consolidated revenues increased 5% (4% in constant currencies).
• Systemwide sales increased 3% (3% in constant currencies).