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FOR IMMEDIATE RELEASE
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Investors: Mike Cieplak, email@example.com
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Full year results include:
Systemwide sales surpassed $100 billion*
Global comparable sales increase of 5.9% - highest in more than 10 years
Consolidated revenues of $21.1 billion
Strong global comparable sales growth of 5.9% demonstrated broad-based strength with increases in the International Operated segment of 6.2%, the U.S. of 5.1%, and the International Developmental Licensed segment of 6.6%.
Consolidated revenues increased 4% (4% in constant currencies).
Systemwide sales increased 6% (7% in constant currencies).
Consolidated operating income increased 15% (16% in constant currencies), reflecting $140 million of prior year impairment charges. Excluding these charges, operating income increased 7% (9% in constant currencies).
Diluted earnings per share of $2.08 increased 14% (15% in constant currencies). Results for the fourth quarter 2019 included $0.11 per share of income tax benefit due to new regulations issued in the fourth quarter 2019 related to the Tax Cuts and Jobs Act of 2017 ("Tax Act"). Excluding this item, diluted earnings per share was $1.97.**
Global comparable sales grew 5.9%, reflecting increases in the International Operated segment of 6.1%, the U.S. of 5.0%, and the International Developmental Licensed segment of 7.2%.
Consolidated revenues were relatively flat with the prior year (increased 3% in constant currencies) at $21.1 billion.
Systemwide sales increased 4% (7% in constant currencies) to $100.2 billion.*
Diluted earnings per share of $7.88 increased 5% (7% in constant currencies).**
Cash provided by operations was $8.1 billion and free cash flow was $5.7 billion, a 36% increase over the prior year.
Refer to page 4 for a definition of Systemwide sales.
Refer to page 3 for additional details.
The following information was filed by Mcdonalds Corp (MCD) on Wednesday, January 29, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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