McDonald’s full-year net profit exceeds expectations, planning to open 1,400 restaurants this year

McDonald’s (MCD.US) reported revenue of $5.35 billion in the fourth quarter of 2019, a market forecast of $5.3 billion, compared with $5.1 billion a year earlier, and $21.07 billion in revenue for the full year 2019 and $21 billion in the year, according to the company’s latest results. Full-year 2019 net profit was $6,025 million, with market expectations of $5,918 million, compared with $5.924 billion a year earlier. Fourth-quarter net profit was $1.57 billion, and market expectations were $1.48 billion, compared with $1.4 billion a year earlier.

McDonald's full-year net profit exceeds expectations, planning to open 1,400 restaurants this year

McDonald’s expects to open about 1,400 restaurants by 2020. Interest expense for the full year 2020 is expected to increase by about 4 to 6 per cent, mainly due to an increase in the average debt balance. Capital expenditures are expected to be approximately $2.4 billion in 2020.

It is reported that the company’s full-year 2019 same-store sales growth of 5.9%, the highest growth rate in a decade. U.S. same-store sales rose 5.1 percent in the fourth quarter, and the market expects to grow 4.7 percent.