McDonald's (MCD) - Get Report reported earnings of $1.84 per share, down 6.6% from the same period last year but 6 cents ahead of the Street consensus forecast. Stripping away a 14 cents per share benefit linked to the group's operations in Japan, the headline earnings figure was $1.70 per share. Group revenues, McDonald's said, fell 5.5% to $5.31 billion, just shy of analysts' estimates of a $5.37 billion tally.
"2020 will be remembered as one of McDonald's most challenging, yet inspiring, moments in our long history. The resilience of the McDonald's System was on display – making safety and service a priority, putting our customers and people first, and running great restaurants," said CEO Chris Kempczinski.
Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS, discusses McDonald's (and his love for Popeye's).
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