McDonald's (MCD) Q4 Earnings Beat Estimates, Revenues Lag

McDonald's Corporation (MCD) reported mixed fourth-quarter 2023 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The top and the bottom line increased on a year-over-year basis.Chris Kempczinski, president and CEO of McDonald's, attributed the performance to the effective implementation of the Accelerating the Arches strategy. The initiative paved a path for a cumulative comparable sales growth of over 30% from 2019 levels. The management stated optimism in the comp ...