McDonald’s Finishes 2015 Strong
McDonald’sÂ (MCD) 2015 results are in and it looks like the chain is making a comeback. The fast food giant posted a 5.7% increase over prior year in Q4 domestic sales. The upturn has been attributed to McDonald’s now serving all day breakfast.
CEOÂ Steve EasterbrookÂ said in a statement, “We took bold, urgent action in 2015 to reset the business and position McDonald’s to deliver sustained profitable growth. We ended the year with momentum, including positive comparable sales across all segments for both the quarter and the year – a testament to the swift changes we made and the early impact of our turnaround efforts.â€ť
Total 2015 revenues reached $25.3 billion down from $27.4 billion over prior year.Â Upon the heels of the positive Q4 results, McDonald’s shares were up 0.8% at $119.20.