McDonald's (MCD) Revenue — Quarter Ended Dec 31, 2023
Revenue decreased from the preceding quarter but increased compared to the same quarter a year ago. The decline reflects a typical seasonal slowdown after a peak in the prior quarter.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue decreased from the preceding quarter but increased compared to the same quarter a year ago. The decline reflects a typical seasonal slowdown after a peak in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.4B
Revenue reported for this quarter.
Quarter-over-quarter
-4.3%
Change from the immediately preceding quarter.
Year-over-year
+8.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$25.5B
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 |
|---|---|---|
| Mar 31, 2023 | $5.9B | +4.1% |
| Jun 30, 2023 | $6.5B | +13.6% |
| Sep 30, 2023 | $6.7B | +14.0% |
| Dec 31, 2023 | $6.4B | +8.1% |
Revenue performance
Revenue for the quarter declined sequentially, while still posting an increase on a year-over-year basis. The drop-off follows a period of strong growth earlier in the fiscal year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower, reflecting a typical end-of-year moderation. Versus the same quarter one year earlier, revenue was higher, indicating underlying business momentum.
What to watch
Monitor whether revenue can regain sequential growth in the coming quarter after the seasonal dip.