McDonald's today reported quarterly comparable sales growth and profit above market expectations.
The world's largest burger chain benefited from its revamped stores, new delivery partnerships and higher menu prices.
Over the past few years, McDonald's has focused on improving dining experience by bringing technology to stores and shoring up delivery services, while also adding new burgers, drinks and breakfast foods to its menus to lure customers.
Chief executive Chris Kempczinski, who took charge in November after the company's previous chief was dismissed, said the annual global comparable sales growth of 5.9% was the chain's highest in more than 10 years.
As a part of its former CEO's vision, the company began modernising stores and even bought two smaller technology firms that focus on digitising stores and drive-thru menus.
McDonald's last year bought Dynamic Yield, a technology firm that specialises in helping companies personalise customer interactions, and Silicon Valley company Apprente that uses artificial intelligence to understand drive-thru orders.
For 2020, McDonald's forecast a 5% to 7% rise in selling, general and administrative expenses as it continues to invest in technology, research and development.
Global comparable sales rose 5.9% in the fourth quarter ended December 31, higher than the 5.23% growth expected by analysts, according to IBES data from Refinitiv.
Sales in US restaurants open for more than 13 months rose 5.1%, slightly above the estimate of a 4.67% increase.
Excluding one-time items, the company said it earned $1.97 per share, a cent above Wall Street expectations.
Its net income rose 14% to $2.08 per share. Revenue rose 3.6% to $5.35 billion, slightly above the estimate of $5.31 billion.
Meanwhile, McDonalds Ireland said it served more than 61 million customers across the country last year - over 1 million customers per week.
Its new delivery service saw increased demand as it delivered over 380,000 customers in Ireland - this accounted for about 4% of Irish sales in 2019.
Earlier this month, it announced a new delivery deal with Just Eat which will join its existing partner Uber Eats.
2019 also saw it open five new restaurants in Ireland, bringing the total number of McDonald's restaurants in the Republic of Ireland to 95.
"In 2020 we remain committed to growing our business through our people, customers, our long-standing Irish supply chain partners and our restaurant experience to ensure we can continue to focus on what matters most - customers, food, value, service and convenience," Paul Pomroy, CEO, McDonald's UK & Ireland said.