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McDonald’s posts strong signs it’s turning around

McDonald's

McDonald’s roared back in the final quarter of 2015, posting a 5.7 percent increase in domestic same-store sales on the strength of all-day breakfast.

The company also cited the topspin of mild weather during the three-month period. It was also going against anemic results for the year-ago quarter.

Still, the results prompted CEO Steve Easterbrook to speak enthusiastically about the chain’s continuing turnaround.

"We took bold, urgent action in 2015 to reset the business and position McDonald's to deliver sustained profitable growth," Easterbrook said in a statement. "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.”

Globally, comps rose 5 percent for the quarter and 1.5 percent for 2015.

Revenues for the quarter declined year-over-year by 4 percent, but increased by 5 percent if the effect of exchange rates is factored out, the company indicated.

Net income rose 10 percent, to $1.2 billion.

Revenues for the year topped $25.4 billion, a 7 percent decline from 2014, but a 3 percent gain in constant dollars. Profits exceeded $4.5 billion, a 5 percent decline, or a 5 percent gain in constant dollars. 

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