McDonald's(US:MCD) INDUSTRIAL SECURITIES·2025-02-20 00:36Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company's $5 meal package significantly boosted same-store sales, and the introduction of the McValue menu is expected to continue positively impacting performance. Global same-store sales are projected to recover to positive growth in 2025, driven by improved performance in regions outside the U.S. [3] - For the fiscal year 2024, the company reported revenues of $25.92 billion, a year-on-year increase of 1.7%. The operating profit was $11.71 billion, with a net profit of $8.22 billion, reflecting a decline of 2.9% year-on-year. The net profit margin was 31.7%, down 1.5 percentage points from the previous year [4][3]. - The company plans to maintain stable dividends, with a total dividend payout of $4.9 billion for the year, representing 3.5% of its market capitalization [3]. - The company aims to expand its store count by 2,200 locations in 2025, with a net increase of 1,800 stores after closures, bringing the total to 45,277 by the end of 2025 [3]. Financial Summary - Revenue projections for 2025, 2026, and 2027 are $27.26 billion, $28.84 billion, and $30.49 billion, respectively, with year-on-year growth rates of 5.2%, 5.8%, and 5.7% [4]. - The expected net profit for the same years is $8.70 billion, $9.29 billion, and $9.95 billion, with growth rates of 5.8%, 6.8%, and 7.0% [4]. - The company’s earnings per share (EPS) are projected to be $12.22, $13.24, and $14.37 for 2025, 2026, and 2027, respectively [6].