McDonald's Reports First Quarter 2025 Results

McDonald's
Published: May 1st, 2025

Key Highlights

• Global comparable sales decreased 1.0%; excluding Leap Day, sales were essentially flat.
• Systemwide sales to loyalty members reached $31 billion over the last twelve months and $8 billion for the quarter.

CEO Statement

“McDonald's has a 70-year legacy of innovation, leadership, and proven agility. Consumers today are grappling with uncertainty, but they can always count on McDonald’s for both exciting new menu items and delicious favorites for exceptional value.”
— Chris Kempczinski, Chairman and CEO

Financial Performance (Q1 2025)

• Global comparable sales: ↓ 1.0%
• U.S.: ↓ 3.6%
• International Operated Markets: ↓ 1.0%
• International Developmental Licensed Markets: ↑ 3.5%
• Consolidated revenues: ↓ 3% (↓ 2% in constant currency)
• Systemwide sales: ↓ 1% (↑ 1% in constant currency)
• Operating income: ↓ 3% (↓ 1% in constant currency)
• Diluted earnings per share: $2.60 (↓ 2%)
• Excluding charges: $2.67 (↓ 1%)

Comparable Sales by Segment

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Consolidated Financial Metrics

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Excluding charges, EPS was $2.67 vs. $2.70 in Q1 2024.

Definitions

• Comparable Sales: Year-over-year sales at locations open ≥13 months, excluding currency and hyperinflation markets.
• Systemwide Sales: Includes sales from both company-owned and franchised restaurants.
• Systemwide Sales to Loyalty Members: Sales from customers identified as loyalty members across 60 markets.
• Free Cash Flow: Cash from operations minus capital expenditures.

About McDonald's

McDonald's is the world’s leading global foodservice retailer with over 43,000 locations in more than 100 countries. Approximately 95% of McDonald’s restaurants are owned and operated by independent local business owners.

Investor Communications

For future earnings calls, updates, and archived broadcasts, visit: www.investor.mcdonalds.com