McDonald's Holdings Company (Japan) (2702) Q1 2025 earnings summary

Executive summary

• System-wide sales rose 5.0% year-over-year to 214.3 billion yen, with operating income at 11.9 billion yen and an operating income ratio of 11.8%.

• Same-store sales increased for the 38th consecutive quarter as of Q1 2025.

• Net income for Q1 2025 was 7.6 billion yen, up 13.2% compared to the same quarter last year.

• The company is executing a medium-term management plan focused on menu innovation, digital transformation, and sustainability.

• 13 new restaurants opened, bringing the total store count to 2,985.

Financial highlights

• Q1 2025 net sales: 101.2 billion yen, nearly flat year-over-year (-0.1%).

• Operating income increased 6.1% year-over-year to 11.9 billion yen.

• Net income attributable to owners of the parent increased 13.2% year-over-year to 7.6 billion yen.

• System-wide sales reached 214.3 billion yen, up 10.2 billion yen from the prior year.

• EPS for Q1 2025 was 57.32 yen, compared to 50.63 yen in Q1 2024.

Outlook and guidance

• Full-year 2025 system-wide sales forecasted at 880 billion yen, up 6.1% from 2024.

• Operating income projected to rise 3.1% to 49.5 billion yen, with an operating income ratio of 12.0%.

• Net income expected to decrease 4.6% to 30.5 billion yen due to anticipated higher costs.

• Full-year 2025 forecast: net sales of 412.5 billion yen, operating income of 49.5 billion yen (1.7% margin), net income attributable to owners of 30.5 billion yen, and EPS of 229.39 yen.

• Dividend forecast for FY2025 is 56.00 yen per share, up from 49.00 yen in FY2024.