McDonald's Gains Nearly 3% Following Q4 Report

Shares of McDonald's Corporation MCD were trading higher by nearly 3 percent early Monday morning after the company reported its fourth quarter results.

McDonald's earned $1.31 per share in the fourth quarter (adjusted EPS of $1.28) on revenue of $6.341 billion. Wall Street analysts were expecting the company to earn $1.23 per share on revenue of $6.22 billion.

See Also: McDonald's Readies For A Comeback

The gain on sale of property in the U.S. and strategic charges had a positive net impact on diluted earnings per share of $0.03 for the quarter, the company noted in its press release.

Global comparable sales rose 5 percent during the quarter while U.S. comparable sales rose 5.7 percent, mostly due to the All Day Breakfast menu and, to a lesser extent, an unseasonably mild weather.

"We took bold, urgent action in 2015 to reset the business and position McDonald's to deliver sustained profitable growth," said McDonald's President and Chief Executive Officer Steve Easterbrook. "We ended the year with momentum, including positive comparable sales across all segments for both the quarter and the year - a testament to the swift changes we made and the early impact of our turnaround efforts. We enter 2016 committed to managing the business for the long term and aligned as a System around the critical imperative that we must run great restaurants each and every day for our valued customers."