McDonald's (MCD) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter was essentially unchanged from the prior quarter, while showing growth compared with the same period a year ago. The trailing twelve-month revenue remained at a notable level.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter was essentially unchanged from the prior quarter, while showing growth compared with the same period a year ago. The trailing twelve-month revenue remained at a notable level.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.9B
Revenue reported for this quarter.
Quarter-over-quarter
-0.5%
Change from the immediately preceding quarter.
Year-over-year
+4.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$23.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $5.7B | -2.9% |
| Sep 30, 2022 | $5.9B | -5.3% |
| Dec 31, 2022 | $5.9B | -1.4% |
| Mar 31, 2023 | $5.9B | +4.1% |
Revenue performance
The modest sequential decline reflects a slight softening, yet the year-on-year gain indicates continued underlying demand.
Quarterly comparison
Compared with the immediately preceding quarter, revenue edged lower. However, relative to the same quarter last year, revenue was higher.
What to watch
The company's cash and equivalents rose substantially, while short-term borrowings also appeared on the balance sheet, warranting attention to liquidity management.