On January 22 McDonald’s announced fourth quarter and fiscal year ending 12/31/09 results with highlights including yearly global comparable sales rising 3.8% with US sales increase 2.6%, Europe growing 5.2%, and APMEA jumping 3.4%. McDonald’s yearly combined operating margin grew to 30.1% while yearly consolidated operating income rose 6%. EPS for the fiscal year increased by 9% to $4.11 compared to previous numbers. Shareholders saw $5.1 billion in dividends and share repurchases for the year.
Specific to the fourth quarter, global comparable sales rose 2.3%. US operating income in the fourth quarter increased 5% while Europe grew by 20% and APMEA jumped up by 51%. These figures were driven by Australian sales, Chinese store expansion, and some lower commodity costs. Fourth quarter EPS were at $1.11, up $0.08 because of liability resolution from a former transaction in Latin America. Currency translation increased by $ 0.07 per share. The fourth quarter dividend was $0.55 per share of common stock.
Jim Skinner, CEO, was quoted as saying "McDonald’s 2009 results reflect the broad-based strength of our global business…Our in-demand food and beverages, unparalleled convenience and superior value at every level of our menu enabled us to serve 60 million customers per day during 2009, up 2 million per day over the prior year. In addition, McDonald’s profitability increased as we marked our sixth consecutive year of positive comparable sales in every geographic segment and generated higher global revenues, operating income and earnings per share in constant currencies - all tremendous accomplishments given the tough global economy… As we begin 2010, McDonald’s January global comparable sales trend remains positive. We will continue our fiscal discipline by investing prudently and returning excess cash to shareholders. I am confident that the collective efforts of our franchisees, suppliers and employees will continue to drive value for all stakeholders."
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