Beijing Business Daily News (Reporter Zhang Tianyuan) On February 6th, McDonald's announced its fourth quarter and full year results for 2023. Data shows that in 2023, McDonald's combined revenue was $25.494 billion, a 10% increase from $23.183 billion in 2022; Net profit was 8.469 billion US dollars, a year-on-year increase of 37%.
Among them, McDonald's consolidated revenue in the fourth quarter of 2023 was 6.406 billion US dollars, an 8% year-on-year increase from 5.927 billion US dollars in the same period of 2022; Net profit was 2.039 billion US dollars, a year-on-year increase of 7%. On the Chinese side, as of December 31, 2023, McDonald's China has 5903 stores and added 925 new stores throughout the year.
Meanwhile, McDonald's also mentioned in its financial report that the company expects capital expenditures in 2024 to be between $2.5 to $2.7 billion, with more than half of it going towards expanding its new restaurant division in the US and international operating markets. On a global scale, the company is expected to open over 2100 restaurants, with a net increase of over 1600 restaurants expected by 2024.