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 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.