McDonald's Corp. /zigman2/quotes/203508018/composite MCD +0.35% shares fell 2.3% in Thursday premarket trading after the fast-food giant reported fourth-quarter earnings and revenue that missed expectations. Net income totaled $1.639 billion, or $2.18 per share, up from $1.377 billion, or $1.84 per share. Adjusted EPS of $2.23 missed the FactSet consensus for $2.34. Revenue $6.009 billion was up from $5.314 billion last year, but below the FactSet consensus for $6.024 billion. Global comparable sales grew 12.3% with U.S. comparable sales up 7.5%. The FactSet consensus was for global growth of 10.5% and U.S. growth of 6.8%. U.S. comparable sales benefited from menu items like the McRib, and digital growth. International operated markets, including France and the U.K., had comparable sales growth of 16.8%, with fewer restaurant closures having an impact. And international developmental licensed markets grew 14.2%, though closures in China due to a resurgence of COVID-19 hurt results. McDonald's stock has gained 20.7% over the past year, outpacing the Dow Jones Industrial Average, which is up 12.8%.
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