McDonald's Holdings Company(Japan),Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 18%

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Fri Nov 8, 2024 3:30 pm JST Earnings

2702 McDonald's Holdings Company(Japan),Ltd. 【J-GAAP】

Earnings Report

McDonald's Holdings Company(Japan),Ltd. <2702> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 17.5% from the same period last year, reaching 37.6 billion yen. The progress rate against the 44.5 billion yen full-year plan was 84.7%, also surpassing the five-year average of 80.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 21.4% from the same period last year to 6.82 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 13.4 billion yen, a 4.8% decrease compared to the same period last year. The operating profit margin decreased from 14.4% in the same period last year to 13.1%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	259,930	27,125	26,592	16,795	126.3	81.0	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	282,433	32,371	32,059	20,083	151.1	78.7	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	303,613	37,160	37,679	24,252	182.4	84.7	Nov 8, 2024	J-GAAP
YoY	+7.5%	+14.8%	+17.5%	+20.8%	+20.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	199,529	22,866	22,754	13,793	103.7	42	Feb 8, 2024	J-GAAP
Jul - Dec, 2024 Guidance	205,004	21,752	20,222	12,107	91.1	42	Aug 9, 2024	J-GAAP
YoY	+2.7%	-4.9%	-11.1%	-12.2%	-12.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	352,300	33,807	32,813	19,937	150.0	39	Feb 8, 2023	J-GAAP
Dec, 2023	381,989	40,877	40,734	25,163	189.3	42	Feb 8, 2024	J-GAAP
Dec, 2024 Guidance	406,000	45,500	44,500	27,000	203.1	42	Feb 8, 2024	J-GAAP
YoY	+6.3%	+11.3%	+9.2%	+7.3%	+7.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	99,973	14,360	14,079	8,713	65.5	14.4	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	99,556	8,506	8,675	5,080	38.2	8.5	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	101,369	11,257	11,568	6,731	50.6	11.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	99,627	12,491	12,710	8,162	61.4	12.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	102,617	13,412	13,401	9,359	70.4	13.1	Nov 8, 2024	J-GAAP
YoY	+2.6%	-6.6%	-4.8%	+7.4%	+7.4%