=McDonald's (MCD) reported 4Q earnings on Mon 25 Jan 2016 (before open)

** charts before earnings **



** charts after earnings **

McDonald's beats by $0.08, beats on revs, comps :

• Reports Q4 (Dec) GAAP earnings of $1.31 per share, $0.08 better thanthe Capital IQ Consensus of $1.23; revenues fell 3.5% year/year to $6.34 bln vs the $6.24 bln Capital IQ Consensus. 
• Q4 comps +5% vs. 'positive' guidance and ests just above 3%.
• In the U.S., fourth quarter comparable sales increased 5.7%, benefiting from the October launch of All Day Breakfast and, to a lesser extent, unseasonably mild weather. Operating income for the quarter rose 30%, driven by positive comparable sales and a gain from the strategic sale of a unique restaurant property.
• Comparable sales for the International Lead segment increased 4.2% for the quarter, led by strong performance in the U.K., Canada and Australia.
• In the High Growth markets, fourth quarter comparable sales increased 3%, reflecting positive performance in Russia and China.
• Fourth quarter comparable sales rose 5.9% in the Foundational markets fueled by broad-based strength in Asia and Europe.
• "As we enter 2016, we expect continued positive top-line momentum across all segments."