McDonald's Holdings Company (Japan) (2702) Q3 2024 earnings summary

Executive summary

• System-wide sales reached ¥616.3 billion for Q3 2024, up 6.9% year-over-year, with 36 consecutive quarters of same-store sales growth.

• Operating income rose to ¥37.1 billion, a 14.8% increase year-over-year, with an operating income ratio of 12.2%.

• Net income for Q3 was ¥24.2 billion, up 20.8% compared to the same period last year.

• 68 new restaurants opened, bringing the total to 2,974 locations as of September 2024.

• Maintained focus on medium-term management plan pillars: Brand, Menu & Value, and Restaurant, Digital, and People.

Financial highlights

• Revenue for Q3 2024 was ¥303.6 billion, a 7.5% increase year-over-year.

• Ordinary income reached ¥37.6 billion, up 17.5% year-over-year.

• Net income per share increased to ¥182.40 from ¥151.05 year-over-year.

• Same-store sales grew 5.3% year-over-year for Q3 2024.

• Operating income increased by ¥4.7 billion, driven by higher sales and easing material costs.

Outlook and guidance

• Full-year 2024 system-wide sales forecast at ¥826.0 billion, up 6.2% from 2023.

• Revenue projected at ¥406.0 billion for 2024, a 6.3% increase year-over-year.

• Operating income expected to reach ¥45.5 billion, up 11.3% from 2023.

• Net income forecasted at ¥27.0 billion, a 7.3% increase over 2023.

• No changes to previously announced earnings or dividend forecasts.