McDonald’s Q4 Global Comps Up 6%, U.S. Comps Jump 7%
McDonald’s global comparable sales rose 6% year-on-year in Q4 while U.S. comps climbed 7%, driven by a 20% increase in systemwide sales to loyalty members and 19% growth in active users. The stock hit a 52-week high after exceeding earnings expectations and trades below the S&P’s 25X forward multiple.
1. Q4 Comparable Sales Performance
In Q4, McDonald’s reported a 6% year-on-year increase in global comparable sales and a 7% rise in U.S. comps, buoyed by digital and value-pricing initiatives. Systemwide sales to loyalty members rose 20% while active users climbed 19%, highlighting strengthening customer engagement.
2. Valuation and Dividend Profile
Following its beat on Q4 earnings, the stock reached a 52-week high and trades at roughly 25X forward earnings, slightly below the S&P 500 benchmark. With 49 consecutive years of dividend increases and a 2.3% yield, McDonald’s is nearing Dividend King status.